Snap-on (SNA) Revenue — Quarter Ended Apr 1, 2023
Revenue for the quarter decreased compared to the immediately preceding quarter. However, revenue increased compared to the same quarter one year earlier.
Key takeaway
Quarter ended Apr 1, 2023 · FY2023 Q1
Revenue for the quarter decreased compared to the immediately preceding quarter. However, revenue increased compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.2B
Revenue reported for this quarter.
Quarter-over-quarter
-22.8%
Change from the immediately preceding quarter.
Year-over-year
+7.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.9B
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 |
|---|---|---|
| Jul 2, 2022 | $1.1B | +5.1% |
| Oct 1, 2022 | $1.1B | +6.3% |
| Dec 31, 2022 | $1.5B | +3.2% |
| Apr 1, 2023 | $1.2B | +7.7% |
Revenue performance
The reported revenue declined from the prior quarter, reflecting a sequential contraction. The trailing twelve-month revenue stood at a level consistent with the company's recent scale.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was lower. Compared with the same quarter one year earlier, revenue was higher, continuing a year-over-year growth trend seen in recent quarters.
What to watch
The sequential revenue decline warrants attention given the prior quarter's higher base.