Henry Schein (HSIC) Revenue — Quarter Ended Apr 1, 2023
Revenue for the quarter declined compared with both the immediately preceding quarter and the same period one year earlier. The sequential decrease was more pronounced than the year-over-year decline.
Key takeaway
Quarter ended Apr 1, 2023 · FY2023 Q1
Revenue for the quarter declined compared with both the immediately preceding quarter and the same period one year earlier. The sequential decrease was more pronounced than the year-over-year decline.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.1B
Revenue reported for this quarter.
Quarter-over-quarter
-9.2%
Change from the immediately preceding quarter.
Year-over-year
-3.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$12.5B
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 25, 2022 | $3B | +2.1% |
| Sep 24, 2022 | $3.1B | -3.5% |
| Dec 31, 2022 | $3.4B | +1.2% |
| Apr 1, 2023 | $3.1B | -3.7% |
Revenue performance
The company reported a lower revenue figure that fell short of the prior quarter's level and also dropped from the year-ago quarter.
Quarterly comparison
The sequential drop was larger than the year-over-year contraction, indicating a sharper quarter-to-quarter reversal than the trend versus the same quarter last year.
What to watch
The filing notes that sales have historically been stronger in the second half of the year, which may influence upcoming comparisons.