Sector: Consumer Staples|Industry: Household & Personal Products|Market Cap: $41.24B|Employees: 22K
Kenvue is the world's largest pure-play consumer health company by revenue, operating in over 165 countries. The company's core business model centers around delivering science-backed innovative products, solutions, and experiences in consumer health, with primary revenue streams from its Self Care, Skin Health and Beauty, and Essential Health segments. Kenvue holds leading market positions across numerous large and attractive categories globally, and leverages its flexible distribution network and data-driven customer partnerships.
Net sales reached $3.894 billion, a slight increase from $3.852 billion in the prior year. This growth was primarily driven by value realization, partially offset by volume-related decreases.
Gross profit margin increased to 57.6% from 55.2% due to benefits from supply chain initiatives and lower input costs. This is a positive sign for profitability.
Operating income decreased to $550 million from $640 million, primarily due to higher costs in enterprise functions, transition services agreement costs with J&J, and increased brand investments.