Kenvue Q3 2023 EPS $0.23 / adj $0.31; revenue $3.9B +3.3%; cuts FY guidance on FX and cough/cold season

Kenvue Inc.

2023-Q3 EPS reported $0.73 revenue$11,778,000,000

Net sales $3.9B, +3.3% YoY; organic growth 3.6% driven by 7.1% value realization partly offset by 3.5% volume decline.
Reported diluted EPS $0.23; adjusted diluted EPS $0.31. Net income $438M vs $586M prior year.
Adjusted gross margin 59.4% (up 80 bps YoY); adjusted operating margin 23.3% (down 120 bps YoY).
FY2023 guidance tightened: net sales growth 4.0-4.5%, organic growth 5.5-6.0%, adj EPS $1.26-$1.28 (vs prior higher).
Declares quarterly cash dividend of $0.20 per share; reaffirms interest expense and tax rate guidance.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Kenvue Inc. reported fiscal third quarter ended October 1, 2023 results: revenue Net Sales Increased 3.3% to $3.9 billion, net income Net income was $438 million, EPS diluted earnings per share was $0.23. Guidance reaffirmed.

Period: fiscal third quarter ended October 1, 2023
Revenue: Net Sales Increased 3.3% to $3.9 billion
Net income: Net income was $438 million
EPS: diluted earnings per share was $0.23
Guidance: reaffirmed
Result: reported results

Exact text from the filing

except as shall be expressly set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- Kenvue Reports Healthy Third Quarter 2023 Results Net Sales Increased 3.3% to $3.9 billion with Organic Growth 1 of 3.6% Reported Diluted EPS of $0.23 and Adjusted Diluted EPS 1 of $0.31 Declares Quarterly Cash Dividend of $0.20 Per Share SKILLMAN,

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Source: SEC EDGAR

accession 0001944048-23-000097

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