The 2020 Mid-Year Economic Update_long

Avnet Sales Up 2.6% in Fiscal 2019

Fourth quarter sales down 7.5% year-over-year.

Avnet Inc. (NYSE: AVT), Phoenix, reported sales for the fiscal year ended July 1 of $19.5 billion, a 2.6% increase over the same period a year ago. Profit for the year was $ $176.3 million, compared to a loss for the year of $156.4 million in 2018.

For the fourth quarter, sales were $4.7 billion, down 7.5% year-over-year. The company reported a loss for the quarter of $31.8 million, compared to a profit of $58.6 million during the fourth quarter of 2018.

Related Posts

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.
Social Media Auto Publish Powered By :