Avery Dennison Corp. (NYSE:AVY) has reported sales for the first quarter of $1.7 billion, down 1% over the previous year. Organic sales were up 0.3%. The company reported a profit of $134.2 million, compared to a loss of $146.9 million during the same quarter last year.
“The coronavirus is having a substantial impact on our teams, our markets and customers, our communities, and, of course, our shareholders,” said Mitch Butier, chairman, president and CEO. “The situation has been evolving in unpredictable ways, and the team is doing a tremendous job adapting to the new reality, anticipating and planning for various scenarios.