secwatch.observer — SEC 8-K summary
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Issuer:     Kenvue Inc. (KVUE)
CIK:        0001944048
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001944048-23-000097
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1944048/000194404823000097/0001944048-23-000097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1944048/000194404823000097/kvue-20231026.htm
  HTML page:      https://secwatch.observer/filing/0001944048-23-000097

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer