Consumer Staples
Household & Personal Products
$41.24B
22K
Key insights and themes extracted from this filing
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.