Avery Dennison (AVY) Revenue — Quarter Ended Sep 30, 2023
Revenue in the reported quarter edged higher compared to the immediately preceding quarter, but declined relative to the same quarter one year earlier. The sequential uptick was minimal, while the year-over-year comparison remained negative.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue in the reported quarter edged higher compared to the immediately preceding quarter, but declined relative to the same quarter one year earlier. The sequential uptick was minimal, while the year-over-year comparison remained negative.
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
+0.4%
Change from the immediately preceding quarter.
Year-over-year
-9.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.3B
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 |
|---|---|---|
| Dec 31, 2022 | $2B | -7.2% |
| Apr 1, 2023 | $2.1B | -12.1% |
| Jul 1, 2023 | $2.1B | -10.9% |
| Sep 30, 2023 | $2.1B | -9.4% |
Revenue performance
The company posted a slight sequential revenue gain, continuing a pattern of largely flat quarterly revenue over the past several periods. The year-over-year decline reflects a persistent headwind from the prior-year period.
Quarterly comparison
Compared with the immediately preceding quarter, revenue increased by a small margin. Compared with the same quarter one year ago, revenue decreased noticeably.
What to watch
The flat sequential revenue trend over recent quarters may bear watching for any shift in demand or underlying business conditions.