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Dec 29, 2024
Kenvue Q4 2024 Earnings Report
Kenvue's Q4 2024 results were announced, showing a slight decrease in net sales but growth in organic sales.
Key Takeaways
Kenvue reported a slight decrease in net sales for Q4 2024, but organic sales grew. The company delivered on its 2024 profit commitments despite headwinds and is focused on accelerating growth and delivering long-term value creation.
Net sales decreased 0.1% to $3.7 billion; organic sales grew 1.7%.
Diluted EPS was $0.15; adjusted diluted EPS was $0.26.
Gross profit margin expanded 80 basis points to 56.5%.
Operating income margin was 13.2%.
Revenue by Segment
Forward Guidance
Kenvue expects to accelerate performance throughout the year, while navigating the dynamic external environment. The company expects to drive further productivity and operational efficiency gains, which will fund planned increases in brand investments, positioning the company to grow adjusted operating margin for the year.
Positive Outlook
- Net sales change of -1% to +1% year-over-year.
- Organic sales growth of +2% to +4%.
- Adjusted operating income margin improvement year-over-year.
- Flat to +2% year-over-year Adjusted diluted earnings per share growth.
- Drive further productivity and operational efficiency gains
Challenges Ahead
- A ~3% headwind from foreign currency translation.
- Mid-single-digit unfavorable impact from foreign currency.
- This outlook does not include any potential impacts from tariffs introduced in 2025.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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