Loading...
•
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.
Kenvue
Kenvue
Kenvue Revenue by Segment
Kenvue Revenue by Geographic Location
Revenue by Segment
Self Care Revenue
CapyFin.comSkin Health and Beauty Revenue
CapyFin.comEssential Health Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comEurope, Middle East and Africa Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.comLatin America Revenue
CapyFin.com 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