Avery Dennison Corp. (NYSE:AVY) has reported sales for the second quarter of $1.7 billion, down 2% over the previous year. The company reported a loss of $146.9 million, compared to a profit of $125.2 million during the same quarter last year.

“We reaffirm our previous guidance for 2019 adjusted earnings per share, with organic growth improving over the balance of the year, along with continued margin expansion,” said Mitch Butier, president and CEO. “Our ongoing confidence in our ability to achieve our guidance and long-term targets reflects the resilience of our business and ability of our team to adapt under changing market conditions.”