Bunge Global SA (BG) Revenue — Quarter Ended Mar 31, 2024
Revenue declined in the latest quarter. The decrease reflects a drop from both the preceding quarter and the same quarter one year earlier.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue declined in the latest quarter. The decrease reflects a drop from both the preceding quarter and the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$13.4B
Revenue reported for this quarter.
Quarter-over-quarter
-10.2%
Change from the immediately preceding quarter.
Year-over-year
-12.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$26.5B
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 |
|---|---|---|
| Jun 30, 2023 | -$6.2B | -134.7% |
| Sep 30, 2023 | $4.4B | -74.0% |
| Dec 31, 2023 | $14.9B | -10.3% |
| Mar 31, 2024 | $13.4B | -12.5% |
Revenue performance
The reported revenue moved lower compared to the immediately preceding quarter. It also fell when measured against the same quarter a year ago.
Quarterly comparison
Revenue for the current quarter was lower than in both the prior quarter and the year-ago quarter. The sequential decline and the year-over-year decline were both material.
What to watch
The company’s filing notes that working capital decreased from both the prior quarter and the year-ago period, partly due to lower commodity prices.