KVUE · 10-Q · 2026Q2 · Full report

Supply Chain Tariff Impact

Kenvue Inc. · 2026-08-06 · Importance 44 · Surprise 60 · In source text

Tariffs imposed on goods imported into the United States reduced Essential Health adjusted operating income during the six months ended June 28, 2026. The tariff impact partially offset benefits from volume-related sales growth and supply chain optimization initiatives. Management did not quantify the tariff expense separately, but identified it as a specific operating-income headwind alongside net input cost inflation and unfavorable foreign exchange.

Key facts

• The U.S. Supreme Court struck down tariffs previously imposed under IEEPA in February 2026 and the U.S. government announced additional baseline tariffs in February 2026 with baseline tariffs expiring in July 2026 after which new tariffs were imposed source
• The Company estimates gross tariff exposure of approximately $80 million annualized as of the reporting date source

Impact estimates