Snap-on (SNA) Revenue — Quarter Ended Dec 30, 2023
Revenue for the quarter declined compared to the same period last year, while it increased relative to the immediately preceding quarter. The sequential improvement contrasts with the sharp year-over-year drop.
Key takeaway
Quarter ended Dec 30, 2023 · FY2023 Q4
Revenue for the quarter declined compared to the same period last year, while it increased relative to the immediately preceding quarter. The sequential improvement contrasts with the sharp year-over-year drop.
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
+3.3%
Change from the immediately preceding quarter.
Year-over-year
-21.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.7B
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 1, 2023 | $1.2B | +7.7% |
| Jul 1, 2023 | $1.2B | +4.8% |
| Sep 30, 2023 | $1.2B | +5.1% |
| Dec 30, 2023 | $1.2B | -21.9% |
Revenue performance
The reported revenue moved lower on a year-over-year basis, marking a notable reversal from the prior year's level. Sequentially, revenue rose from the previous quarter.
Quarterly comparison
Compared to the immediately preceding quarter, revenue increased. However, when measured against the same quarter one year earlier, revenue was substantially lower.
What to watch
The filing context does not provide specific reasons for the revenue changes, so the underlying drivers remain unclear.