Lennar (LEN) Revenue — Quarter Ended Feb 29, 2024
Revenue declined from the prior quarter but rose compared to the same period a year earlier.
Key takeaway
Quarter ended Feb 29, 2024 · FY2024 Q1
Revenue declined from the prior quarter but rose compared to the same period a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$7.3B
Revenue reported for this quarter.
Quarter-over-quarter
-33.3%
Change from the immediately preceding quarter.
Year-over-year
+12.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$35.1B
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 |
|---|---|---|
| May 31, 2023 | $8B | -3.8% |
| Aug 31, 2023 | $8.7B | -2.3% |
| Nov 30, 2023 | $11B | +7.8% |
| Feb 29, 2024 | $7.3B | +12.7% |
Revenue performance
The company's first-quarter revenue decreased sequentially while posting a year-over-year increase.
Quarterly comparison
Compared to the immediately preceding quarter, revenue fell sharply; however, it was higher than the same quarter one year ago.
What to watch
Monitor whether the sequential decline reflects a seasonal pattern or a shift in demand.