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Jun 30, 2024
Kenvue Q2 2024 Earnings Report
Kenvue's financial performance remained steady with slight revenue decrease and reaffirmed outlook for FY24.
Key Takeaways
Kenvue reported a slight decrease in net sales, but organic growth showed a positive trend. The company is focused on accelerating investment in brands for future growth, with reaffirmed financial targets for 2024.
Net Sales decreased 0.3% to $4.0 billion; Organic Growth was +1.5%.
Diluted EPS was $0.03; Adjusted Diluted EPS was $0.32.
Gross profit margin expanded 360 basis points to 59.1%.
Reaffirmed outlook for FY24 Net Sales Growth and Adjusted Diluted EPS.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company reaffirms its outlook for 2024.
Positive Outlook
- Net sales growth of 1.0%-3.0%
- Organic growth of 2.0%-4.0%
- Adjusted diluted earnings per share in the range of $1.10-$1.20
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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