Deere & (DE) Revenue — Quarter Ended Jan 28, 2024
Revenue for the quarter declined compared to both the immediately preceding quarter and the same quarter a year earlier. The decrease reflects a continuation of the downward trend from the previous quarter's performance.
Key takeaway
Quarter ended Jan 28, 2024 · FY2024 Q1
Revenue for the quarter declined compared to both the immediately preceding quarter and the same quarter a year earlier. The decrease reflects a continuation of the downward trend from the previous quarter's performance.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$12.2B
Revenue reported for this quarter.
Quarter-over-quarter
-20.9%
Change from the immediately preceding quarter.
Year-over-year
-3.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$60.8B
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 30, 2023 | $17.4B | +30.0% |
| Jul 30, 2023 | $15.8B | +12.0% |
| Oct 29, 2023 | $15.4B | -0.8% |
| Jan 28, 2024 | $12.2B | -3.7% |
Revenue performance
The reported revenue was lower than the prior quarter and the year-ago period, signaling a softening in demand or operational adjustments.
Quarterly comparison
Sequentially, revenue fell from the prior quarter, extending the pattern of decline seen in the trailing quarters. On an annual basis, revenue also decreased relative to the same quarter last year.
What to watch
The company's Smart Industrial Operating Model and its impact on segment performance will be important to monitor for future revenue trends.