Kenvue Q2 net sales +5.4% to $4.0B, organic growth 7.7%; initiates dividend

Kenvue Inc.

2023-Q2 EPS reported $0.43 revenue$7,863,000,000

Reported EPS $0.23, adjusted EPS $0.32; net income $430M vs $604M YoY.
Adjusted gross margin 57.5% vs 59.3% YoY; adjusted EBITDA margin 24.5% vs 26.8%.
Initiates quarterly cash dividend; first as a public company.
FY2023 guidance: organic growth 5.5-6.5%, adjusted EPS $1.26-$1.31.
Interest expense $53M; expects FY interest expense ~$300M adjusted.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Kenvue Inc. reported fiscal second quarter ended July 2, 2023 results: revenue $4.0 billion, net income $430 million, EPS $0.23. Guidance initiated.

Period: fiscal second quarter ended July 2, 2023
Revenue: $4.0 billion
Net income: $430 million
EPS: $0.23
Guidance: initiated
Result: reported results

Exact text from the filing

be expressly set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- Kenvue Debuts with Strong Second Quarter 2023 Results Net Sales Increased 5.4% to $4.0 billion with Organic Growth 1 of 7.7% Robust Net Sales and Organic Growth 1 Across Segments and Geographic Regions Reported EPS $0.23 and Adjusted EPS 1 $0.32 Initiates Quarterly Cash

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Kenvue Inc. filing history →

Source: SEC EDGAR

accession 0001944048-23-000016

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