Bunge Global SA (BG) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter declined sharply compared to both the prior quarter and the same quarter last year. The reported figure turned negative, reflecting a significant drop in net sales.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter declined sharply compared to both the prior quarter and the same quarter last year. The reported figure turned negative, reflecting a significant drop in net sales.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
-$5.7B
Revenue reported for this quarter.
Quarter-over-quarter
-142.8%
Change from the immediately preceding quarter.
Year-over-year
+7.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$27B
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 | $4.4B | -74.0% |
| Dec 31, 2023 | $14.9B | -10.3% |
| Mar 31, 2024 | $13.4B | -12.5% |
| Jun 30, 2024 | -$5.7B | +7.8% |
Revenue performance
The reported revenue was negative, a material deterioration from the positive revenue in the immediately preceding quarter.
Quarterly comparison
Compared to the same quarter one year earlier, revenue also fell substantially, reversing the prior year's growth. The sequential decline was even more pronounced than the year-over-year drop.
What to watch
The negative revenue figure warrants close monitoring of underlying sales trends and any unusual items in the income statement.