Snap-on (SNA) Revenue — Quarter Ended Jun 29, 2024
Revenue for the quarter declined slightly compared to both the prior quarter and the same quarter a year ago. The decrease was modest relative to the trailing twelve-month average.
Key takeaway
Quarter ended Jun 29, 2024 · FY2024 Q2
Revenue for the quarter declined slightly compared to both the prior quarter and the same quarter a year ago. The decrease was modest relative to the trailing twelve-month average.
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
-0.3%
Change from the immediately preceding quarter.
Year-over-year
-1.1%
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 |
|---|---|---|
| Sep 30, 2023 | $1.2B | +5.1% |
| Dec 30, 2023 | $1.2B | -21.9% |
| Mar 30, 2024 | $1.2B | -0.1% |
| Jun 29, 2024 | $1.2B | -1.1% |
Revenue performance
Reported revenue moved lower from the immediately preceding quarter, continuing a pattern of small sequential declines seen in recent periods.
Quarterly comparison
Compared with the same quarter one year earlier, revenue was also lower, reflecting a similar rate of contraction as the year-over-year change in the prior quarter.
What to watch
Monitor whether the modest revenue decline persists or stabilizes in upcoming quarters.