KVUE · 8-K · 20260806PR000141

Inflation, Tariffs and FX

Kenvue Inc. · 2026-08-06 · Importance 25 · Surprise 32

Kenvue said second-quarter gross profit margin declined to 58.2% from 58.9% year over year, primarily reflecting inflation, tariffs, and unfavorable transactional foreign exchange. These pressures were partially offset by productivity savings from global supply chain optimization and favorable value realization. Foreign currency provided a 1.4% benefit to second-quarter reported net sales growth, while organic sales increased 1.6%.