Avery Dennison (AVY) Revenue — Quarter Ended Jun 29, 2024
Revenue increased in the reported quarter compared to both the prior quarter and the same period a year earlier. The year-over-year growth was more pronounced than the sequential growth.
Key takeaway
Quarter ended Jun 29, 2024 · FY2024 Q2
Revenue increased in the reported quarter compared to both the prior quarter and the same period a year earlier. The year-over-year growth was more pronounced than the sequential growth.
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
+3.9%
Change from the immediately preceding quarter.
Year-over-year
+6.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.6B
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 |
|---|---|---|
| Sep 30, 2023 | $2.1B | -9.4% |
| Dec 30, 2023 | $2.1B | +4.2% |
| Mar 30, 2024 | $2.2B | +4.2% |
| Jun 29, 2024 | $2.2B | +6.9% |
Revenue performance
The reported quarter's revenue was higher than the immediately preceding quarter and also higher than the same quarter one year ago.
Quarterly comparison
The sequential increase was modest, while the year-over-year gain was larger, indicating a stronger annual comparison.
What to watch
The difference between the sequential and annual growth rates may merit attention in future quarters.