earnings
confidence high
sentiment negative
materiality 0.75
Kenvue Q3 net sales -0.4% to $3.9B, adj EPS $0.28 vs $0.31 YoY, lowers sales growth guidance
Kenvue Inc.
2024-Q3 EPS reported
$0.38
revenue$11,793,000,000
- Net sales $3.9B, -0.4% YoY; organic growth +0.9% (value realization +2.5%, volume -1.6%).
- Diluted EPS $0.20; adjusted diluted EPS $0.28 vs $0.31 YoY; gross margin expanded 100bps to 58.5%.
- Self Care drove share gains; Essential Health broad-based growth; Skin Health and Beauty early recovery signs.
- 2024 outlook: net sales & organic growth guidance lowered to low end of ranges (1-3% & 2-4%); adj EPS reaffirmed $1.10-$1.20.
- Adjusted operating margin 22.1% vs 23.3% YoY due to increased brand investment.