Kenvue agrees to be acquired by Kimberly-Clark in cash-and-stock deal; reports Q3 revenue decline

Kenvue Inc.

Definitive merger agreement with Kimberly-Clark for all outstanding common stock; deal value and premium not disclosed.
Kirk Perry named permanent CEO effective immediately; Carlos De Jesus appointed Group President North America.
Q3 net sales fell 3.5% YoY; organic sales down 4.4%; diluted EPS $0.21, adjusted EPS $0.28 flat YoY.
Affirms FY2025 adjusted EPS guidance of $1.00-$1.05 and low-single-digit organic sales decline.
New Chief Digital and Marketing Officer role created; Chief Growth Officer role eliminated.

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