KVUE · 8-K · 20260806PR000141

Gross Margin Drivers

Kenvue Inc. · 2026-08-06 · Importance 18 · Surprise 14

Second-quarter gross profit margin declined to 58.2% from 58.9% in the prior-year period, while adjusted gross margin declined to 60.2% from 60.9%. The margin pressure primarily reflected inflation, tariffs, and unfavorable transactional foreign exchange. Productivity gains from global supply-chain optimization and favorable value realization partially offset those pressures.

Key facts

• Second quarter 2026 Gross profit margin was 58.2% vs 58.9% in the prior year period. source
• Second quarter 2026 Adjusted gross profit margin was 60.2% vs 60.9% in the prior year period. source
• The year-over-year change in gross profit measures primarily reflects the impact from inflation, tariffs, as well as unfavorable transactional foreign exchange, partially offset by savings from productivity gains and favorable value realization. source