diff --git a/guix/scripts/refresh.scm b/guix/scripts/refresh.scm
index dd93e7d3e7..5add64d8e8 100644
--- a/guix/scripts/refresh.scm
+++ b/guix/scripts/refresh.scm
@@ -253,15 +253,32 @@ downloaded and authenticated; not updating~%")
 WARN? is true and no updater exists for PACKAGE, print a warning."
   (match (package-latest-release package updaters)
     ((? upstream-source? source)
-     (when (version>? (upstream-source-version source)
-                      (package-version package))
-       (let ((loc (or (package-field-location package 'version)
-                      (package-location package))))
-         (format (current-error-port)
-                 (G_ "~a: ~a would be upgraded from ~a to ~a~%")
-                 (location->string loc)
-                 (package-name package) (package-version package)
-                 (upstream-source-version source)))))
+     (let ((loc (or (package-field-location package 'version)
+                    (package-location package))))
+       (case (version-compare (upstream-source-version source)
+                              (package-version package))
+         ((>)
+          (format (current-error-port)
+                  (G_ "~a: ~a would be upgraded from ~a to ~a~%")
+                  (location->string loc)
+                  (package-name package) (package-version package)
+                  (upstream-source-version source)))
+         ((=)
+          (when warn?
+            (format (current-error-port)
+                    (G_ "~a: info: ~a is already the latest version of ~a~%")
+                    (location->string loc)
+                    (package-version package)
+                    (package-name package))))
+         (else
+          (when warn?
+            (format (current-error-port)
+                    (G_ "~a: warning: ~a is greater than \
+the latest known version of ~a (~a)~%")
+                    (location->string loc)
+                    (package-version package)
+                    (package-name package)
+                    (upstream-source-version source)))))))
     (#f
      (when warn?
        (warn-no-updater package)))))