NYSE$KVUE
Kenvue Inc · Q4 2023 earnings
Q4 2023 earnings · · Before market open · Investor relations
Briefing
Kenvue's Q4 2023 results were announced, with net sales decreasing by (2.7)% and diluted earnings per share at $0.17.
Kenvue reported a decrease in net sales by (2.7)% to $3.7 billion with organic growth declining by (2.4)% in Q4 2023. Diluted earnings per share stood at $0.17, while adjusted diluted earnings per share was $0.31.
- Net sales decreased by (2.7)% to $3.7 billion with organic growth declining by (2.4)%.
- Diluted earnings per share was $0.17; adjusted diluted earnings per share was $0.31.
- Gross profit margin increased to 55.7% compared to 54.3% in the prior year period.
- Adjusted operating income margin was 21.8% versus 19.9% in the prior year period.
Headline financials
Revenue & EPS history
Kenvue · Revenue · Quarterly
$3.67B
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
Kenvue expects full year 2024 reported Net sales growth to be in the range of 1.0%to 3.0%.
Tailwinds
- Net sales growth to be in the range of 1.0%to 3.0%.
- Foreign exchange is expected to be a headwind of approximately one percentage point to reported Net sales growth.
- Organic growth in the range of 2.0% to 4.0% with Organic growth sequentially improving as the year progresses as prior year comparisons ease
- Impact of 2024 strategic priorities take hold
- Adjusted diluted earnings per share to be in the range of $1.10 - $1.20.
Headwinds
- Potential for a continued challenging macro-back drop
- Possibility for unknowns in seasonal businesses
- Adjusted operating income margin to be slightly below 2023
- Impact of absorbing a full year of public company costs
- 50 basis points of foreign currency headwinds
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 Q4 2023
+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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