Avery Dennison (AVY) Revenue — Quarter Ended Apr 1, 2023
Revenue for the quarter increased from the immediately preceding quarter. Compared to the same quarter one year earlier, revenue declined.
Key takeaway
Quarter ended Apr 1, 2023 · FY2023 Q1
Revenue for the quarter increased from the immediately preceding quarter. Compared to the same quarter one year earlier, revenue declined.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.1B
Revenue reported for this quarter.
Quarter-over-quarter
+1.9%
Change from the immediately preceding quarter.
Year-over-year
-12.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jul 2, 2022 | $2.3B | +11.7% |
| Oct 1, 2022 | $2.3B | +11.8% |
| Dec 31, 2022 | $2B | -7.2% |
| Apr 1, 2023 | $2.1B | -12.1% |
Revenue performance
The reported revenue direction is an increase relative to the prior quarter. The sequential improvement follows a decline in the previous period.
Quarterly comparison
When compared with the immediately preceding quarter, revenue moved higher. However, compared with the same quarter one year earlier, revenue was lower.
What to watch
The filing includes risk factors related to global economic conditions and political uncertainty that may affect demand.