NYSE$KVUE
Kenvue Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Kenvue's financial performance remained steady with slight revenue decrease and reaffirmed outlook for FY24.
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.
Headline financials
Revenue & EPS history
Kenvue · Revenue · Quarterly
$4.01B
Revenue by segment
Kenvue · $3.92B total across 3 segments · Q3 2023
- Self Care$1.61B+6.4%41.2%
- Essential Health$1.18B+3.0%30.2%
- Skin Health & Beauty$1.12B-0.4%28.6%
Forward guidance
The Company reaffirms its outlook for 2024.
Tailwinds
- 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
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 13 quarterly earnings reports · overlaid with Q2 2024
+2.0%
Avg return
Earnings day
+3.1%
Avg return
5 days after
+2.8%
Avg return
30 days after
57%
8 / 14 earnings
Positive
+15.7%
Q3 2025
Best reaction
-7.7%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.0% | -1.2% | +0.2% | |
| Q4 2025 | +0.9% | +2.9% | -5.5% | |
| Q3 2025 | +15.7% | +17.5% | +18.1% | |
| Q2 2025 | +1.5% | +2.1% | -13.2% | |
| Q1 2025 | +4.3% | +2.4% | -6.0% | |
| Q4 2024 | -4.5% | +0.8% | +12.9% | |
| Q3 2024 | +5.2% | +5.1% | +1.5% | |
| Q2 2024 | +13.4% | +15.6% | +23.7% | |
| Q1 2024 | +7.2% | +7.7% | -2.4% | |
| Q4 2022 | -0.2% | +3.1% | +12.9% | |
| Q4 2023 | -5.8% | -6.2% | -2.4% | |
| Q3 2023 | -7.7% | -5.7% | +2.6% | |
| Q2 2023 | -4.0% | +0.5% | -8.5% | |
| Q1 2023 | -0.5% | -0.8% | +4.5% | |
| Q3 2022 | — | — | — | |
| Q2 2022 | — | — | — | |
| Q1 2022 | — | — | — | |
| Q4 2021 | — | — | — |
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