Avery Dennison (AVY) shares plunged 5.66% in pre-market trading on Thursday, following the company's Q4 2024 earnings report and full-year 2025 guidance that fell short of Wall Street expectations.
For the fourth quarter, Avery Dennison posted adjusted earnings per share of $2.38, slightly missing analysts' consensus estimate of $2.41. Revenue of $2.19 billion was in line with expectations. While earnings grew 10.2% year-over-year, the company's full-year 2025 EPS guidance range of $9.80 to $10.20 missed analysts' forecast of $10.43 at the midpoint.
Adding to the pressure on the stock, Avery Dennison warned of a $30 million headwind to operating income in 2025 due to the strong U.S. dollar's impact on currency translation for its international sales. The company operates in over 50 countries, with international sales accounting for 69% of total revenue in 2023.
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