NYSE$KVUE
Kenvue Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Kenvue's Q3 2024 earnings were reported, revealing a slight decrease in net sales but growth in organic sales, driven by value realization. Increased marketing investment, fueled by gross profit margin expansion and savings, impacted EPS, while the company reaffirms its adjusted EPS outlook for 2024.
Kenvue reported a slight decrease in net sales of 0.4% to $3.9 billion, but organic growth increased by 0.9%. The company's diluted EPS was $0.20, and adjusted diluted EPS was $0.28. They are reaffirming their outlook for Adjusted diluted earnings per share in the range of $1.10-$1.20.
- Net sales decreased 0.4% to $3.9 billion; organic growth was 0.9%.
- Gross profit margin expanded, and savings fueled increased marketing investment.
- Diluted EPS was $0.20; adjusted diluted EPS was $0.28.
- The company expects Net sales growth and Organic growth toward the low end of its outlook of 1.0%-3.0% and 2.0%-4.0%, respectively.
Headline financials
Revenue & EPS history
Kenvue · Revenue · Quarterly
$3.91B
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
For 2024, assuming an approximately 1% currency headwind, the Company expects Net sales growth and Organic growth toward the low end of its outlook of 1.0%-3.0% and 2.0%-4.0%, respectively. The Company reaffirms its outlook for Adjusted diluted earnings per share in the range of $1.10-$1.20, which continues to reflect strong productivity and efficiency gains that are funding sustained incremental investment in brand activation.
Tailwinds
- Strong productivity
- Efficiency gains
- Sustained incremental investment in brand activation.
- Adjusted diluted earnings per share in the range of $1.10-$1.20
- Savings from Our Vue Forward
Headwinds
- Approximately 1% currency headwind
- Net sales growth toward the low end of its outlook of 1.0%-3.0%
- Organic growth toward the low end of its outlook of 2.0%-4.0%
- Increased brand investment
- Increased tax rate
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 Q3 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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