Avery Dennison Expects Second Quarter Sales Decline
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Headquartered in Pasadena, Calif., Avery Dennison Corporation announced the company expects to report unaudited second quarter 2011 net sales of approximately $1.7 billion, a decline versus the same period last year of 2 percent excluding the impact of currency. Unit volume was down an estimated 5 percent, driven primarily by declines in the company’s largest segments―pressure-sensitive materials and retail branding and information solutions. Second quarter results for the company’s office and consumer products segment were in line with internal expectations.
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