Lennar (LEN) Revenue — Quarter Ended Nov 30, 2023
Revenue increased in the reported quarter. The growth was seen both sequentially and compared with the same quarter one year earlier, with the annual comparison turning positive after negative comparisons in prior periods.
Key takeaway
Quarter ended Nov 30, 2023 · FY2023 Q4
Revenue increased in the reported quarter. The growth was seen both sequentially and compared with the same quarter one year earlier, with the annual comparison turning positive after negative comparisons in prior periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$11B
Revenue reported for this quarter.
Quarter-over-quarter
+25.6%
Change from the immediately preceding quarter.
Year-over-year
+7.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$34.2B
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 |
|---|---|---|
| Feb 28, 2023 | $6.5B | +4.6% |
| May 31, 2023 | $8B | -3.8% |
| Aug 31, 2023 | $8.7B | -2.3% |
| Nov 30, 2023 | $11B | +7.8% |
Revenue performance
The company reported higher revenue for the quarter, reflecting improved performance.
Quarterly comparison
Compared with the immediately preceding quarter, revenue rose. Additionally, revenue was higher than in the same quarter one year earlier, a contrast to the annual comparisons in earlier periods.
What to watch
Monitor whether the revenue can sustain this growth given the volatility in annual comparisons.