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 for the three months ended September 29, 2024 were $3.899 billion, compared to $3.915 billion for the same period last year, a decrease of 0.4%. The company cites unfavorable changes in foreign currency exchange rates as a contributing factor.
Gross profit for the three months ended September 29, 2024 was $2.282 billion, compared to $2.250 billion for the same period last year, an increase of 1.4%. The company attributes this to gains from supply chain optimization initiatives and value realization.
Net income for the three months ended September 29, 2024 was $383 million, compared to $438 million for the same period last year, a decrease of 12.6%. The decrease was primarily due to a decrease in operating income and an increase in provision for taxes.