The company said net sales for fiscal Q3 (ended September 29, 2024) decreased 0.4% to $3.9 Billion, and organic growth was 0.9%. It said foreign currency was a 1.3% headwind, and that value realization (price and mix) accounted for 2.5% and volume for (1.6)%.

1. 01

   The company said net sales for fiscal Q3 (ended September 29, 2024) decreased 0.4% to $3.9 Billion, and organic growth was 0.9%. It said foreign currency was a 1.3% headwind, and that value realization (price and mix) accounted for 2.5% and volume for (1.6)%.

2. 02

   Kenvue said gross profit margin for Q3 was 58.5%, up 100 basis points from 57.5% a year earlier, and operating income margin was 16.8% compared with 18.1% a year earlier. The company said higher brand investment more than offset the benefit from gross margin expansion and savings from Our Vue Forward.

3. 03

   The company said diluted EPS for Q3 was $0.20, compared with $0.23 a year earlier, and adjusted diluted EPS was $0.28, compared with $0.31 a year earlier. It also said its effective tax rate was 33.6% compared with 25.1% a year earlier.

4. 04

   Kenvue said it expects net sales growth and organic growth for 2024 toward the low end of its outlook ranges of 1.0%-3.0% and 2.0%-4.0%, respectively, assuming an approximately 1% currency headwind. The company reaffirmed its adjusted diluted EPS outlook of $1.10 to $1.20.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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