The 2020 Mid-Year Economic Update_long

Avnet Sales Up 11.7% in Fiscal 2Q

Year-to-date sales were up 10.3 percent year-over-year.

Avnet Inc. (NYSE: AVT), Phoenix, AZ, reported sales for the second quarter ended Dec. 29 of $5 billion, up 11.7 percent over the same period a year ago. Profit decreased  22.1 percent to $36.4 million.

For the first six months of the year, sales increased 10.3 percent to $10.1 billion. Profit increased 14.3 percent to $120.1 million.

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