Story perspectives
Avnet Sales Plummet 9.9% Despite Asian Gains
1/30/2025
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Story summary
- Avnet Inc. experienced a 9.9% decline in year-over-year sales, totaling $5.6 billion in fiscal Q2.
- Sales in Asia increased by 8.4%, contrasting with a 25.1% drop in EMEA sales.
- Operating profit decreased by 34.3% to $155.3 million, while net profit reached $596 million.
- CEO Phil Gallagher highlighted advancements in overcoming challenges and enhancing operational efficiency.
