Avery Dennison (AVY) Revenue — Quarter Ended Mar 30, 2024
Revenue increased modestly for the March quarter. The growth rate was slower than both the preceding quarter and the year-ago period.
Key takeaway
Quarter ended Mar 30, 2024 · FY2024 Q1
Revenue increased modestly for the March quarter. The growth rate was slower than both the preceding quarter and the year-ago period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.2B
Revenue reported for this quarter.
Quarter-over-quarter
+1.9%
Change from the immediately preceding quarter.
Year-over-year
+4.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.5B
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 1, 2023 | $2.1B | -10.9% |
| Sep 30, 2023 | $2.1B | -9.4% |
| Dec 30, 2023 | $2.1B | +4.2% |
| Mar 30, 2024 | $2.2B | +4.2% |
Revenue performance
The reported revenue rose compared with the same quarter one year earlier. The sequential change also showed an increase from the immediately preceding quarter.
Quarterly comparison
The year-over-year gain was larger than the quarter-over-quarter gain, indicating a deceleration in the pace of growth. Both comparisons were positive, however.
What to watch
Revenue has grown year over year for two consecutive quarters after two prior declines.