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Avnet Sales Fall in Second Quarter 2024

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Year to date, Avnet sales also dropped.

By

Distribution Strategy Group

February 2, 2024

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Phoenix-based electronics distributor Avnet (Nasdaq: AVT) reported sales for its second quarter ended Dec. 30, 2023, were $6.2 billion, down 7.6% from the year-ago period. 

Profit was $117 million. 

Year to date, sales were $12.5 billion, down 7.4%. Profit for the first half of the year was $327 million. 

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