Avery Dennison (AVY) Revenue — Quarter Ended Dec 30, 2023
Revenue for the quarter increased compared with both the prior quarter and the same quarter a year earlier. The sequential improvement reversed a pattern of year-over-year declines observed in the first three quarters of the fiscal year.
Key takeaway
Quarter ended Dec 30, 2023 · FY2023 Q4
Revenue for the quarter increased compared with both the prior quarter and the same quarter a year earlier. The sequential improvement reversed a pattern of year-over-year declines observed in the first three quarters of the fiscal year.
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
+0.6%
Change from the immediately preceding quarter.
Year-over-year
+4.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.4B
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 |
|---|---|---|
| Apr 1, 2023 | $2.1B | -12.1% |
| Jul 1, 2023 | $2.1B | -10.9% |
| Sep 30, 2023 | $2.1B | -9.4% |
| Dec 30, 2023 | $2.1B | +4.2% |
Revenue performance
Reported revenue rose from the immediately preceding quarter and delivered the first year-over-year gain of the fiscal year.
Quarterly comparison
Compared with the prior quarter, revenue increased slightly. Versus the same quarter one year ago, revenue grew, ending a streak of three consecutive year-over-year declines.
What to watch
The trailing twelve-month revenue matched the annualized value of the current quarter, indicating a stable revenue run rate across the four quarters.