KVUE · 10-Q · 2026Q3 · Full report
Segment Profitability
Kenvue Inc. · 2026-10-30 · Importance 46 · Surprise 56 · No source text
Self Care adjusted operating income increased $61 million, or 3.8%, to $1,674 million for the fiscal nine months ended September 27, 2026, driven by value realization and supply-chain optimization benefits, partly offset by volume declines, brand support, input cost inflation, and unfavorable foreign exchange. Skin Health and Beauty adjusted operating income rose $125 million, or 33.1%, to $503 million, with gains from value realization, lower brand-support costs, supply-chain optimization, and higher volume. Essential Health adjusted operating income increased $32 million, or 3.6%, to $929 million, primarily from higher sales volume and supply-chain optimization benefits, partly offset by brand support, input inflation, foreign exchange, and administrative expenses. The Middle East conflict contributed to input-cost inflation cited as a partial offset in all three segments.
Key facts
- Skin Health and Beauty adjusted operating income increased $125 million, or 33.1%, to $503 million for the fiscal nine months ended September 27, 2026, compared with the same period ended September 28, 2025. source
- Self Care segment adjusted operating income increased $17 million, or 3.3%, to $537 million for the fiscal three months ended September 27, 2026; its adjusted operating income margin decreased 80 basis points. source
- Self Care adjusted operating income increased $61 million, or 3.8%, to $1,674 million for the fiscal nine months ended September 27, 2026, compared with the same period ended September 28, 2025. source
- Essential Health adjusted operating income increased $32 million, or 3.6%, to $929 million for the fiscal nine months ended September 27, 2026, compared with the same period ended September 28, 2025. source
- Essential Health segment adjusted operating income increased $8 million, or 2.6%, to $315 million for the fiscal three months ended September 27, 2026. source
- Skin Health and Beauty segment adjusted operating income increased $12 million, or 8.8%, to $149 million for the fiscal three months ended September 27, 2026. source
- Self Care adjusted operating income growth was primarily driven by favorable value realization and supply chain optimization benefits, partially offset by volume-related sales decreases, higher brand support expenses, net input cost inflation including the Middle East conflict impact, and unfavorable foreign currency changes. source
- Skin Health and Beauty adjusted operating income growth was primarily driven by favorable value realization, lower brand support expenses partly attributable to media cost improvements, supply chain optimization benefits, and volume-related sales increases, partly offset by net input cost inflation including the Middle East conflict impact and unfavorable foreign currency changes. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | realized | +3.2% | Skin Health and Beauty adjusted operating income increased $125 million, or 33.1%, to $503 million for the fiscal nine months ended… |
| operating_income | positive | realized | +1.6% | Self Care adjusted operating income increased $61 million, or 3.8%, to $1,674 million for the fiscal nine months ended September 27, 2026,… |
| operating_income | positive | realized | +0.8% | Essential Health adjusted operating income increased $32 million, or 3.6%, to $929 million for the fiscal nine months ended September 27,… |
| margin | negative | realized | -0.8% | Self Care segment adjusted operating income increased $17 million, or 3.3%, to $537 million for the fiscal three months ended September… |