KVUE · 10-Q · 2026Q2

Kenvue Inc.

Filed 2026-08-06 · Industrials · View original filing on EDGAR

Ranked Events

• Acquisition / Partnership / DivestitureImportance 75 · Surprise 60
  K-C agreed to acquire all outstanding Kenvue shares in a stock-and-cash merger approved by Kenvue’s Board on November 2, 2025. Kenvue shareholders will receive 0.14625 K-C common shares plus $3.50 cash per Kenvue…
• Senior Notes RedemptionImportance 64 · Surprise 42
  Kenvue issued a full-redemption notice for its 5.35% Senior Notes due 2026 on February 13, 2026. The company redeemed the entire $750 million aggregate principal amount on February 23, 2026, at par plus accrued and…
• Restructuring and Supply Chain TransformationImportance 57 · Surprise 50
  Kenvue’s Board approved the 2026 Restructuring Initiative on February 17, 2026 to optimize the operating model, transform the supply chain, reduce complexity, and improve operating efficiency. Six-month restructuring…
• DividendsImportance 55 · Surprise 32
  Kenvue paid $796 million of dividends during the six months ended June 28, 2026, compared with $785 million in the prior-year period. The company paid quarterly dividends of $0.2075 per share on February 25 and May 27,…
• Operating Cash Flow TrendsImportance 54 · Surprise 40
  Net cash flow from operating activities increased to $1.177 billion for the six months ended June 28, 2026, from $1.049 billion in the prior-year period, a $128 million or 12.2% increase. The improvement primarily…
• Liquidity and Debt PositionImportance 49 · Surprise 6
  Kenvue held $1.110 billion of cash and cash equivalents as of June 28, 2026, while total debt was $8.480 billion. Liquidity included a $4.0 billion revolving credit facility expiring in March 2029 and a $4.0 billion…
• Segment Revenue PerformanceImportance 49 · Surprise 32
  Essential Health Segment net sales increased to $2.4 billion for the six months ended June 28, 2026, from $2.3 billion in the prior-year period, up $82 million or 3.5%. Organic sales increased 1.3% after a 2.2%…
• Market Demand TrendsImportance 49 · Surprise 32
  Essential Health segment net sales increased 3.5% to $2.4 billion for the six months ended June 28, 2026, while organic sales increased 1.3% excluding a 2.2% favorable foreign-exchange impact. Volume increased 1.7%,…
• Segment ProfitabilityImportance 49 · Surprise 32
  Six-month segment adjusted operating income increased 9.4% to $2.105 billion from $1.924 billion, led by Skin Health and Beauty’s 46.9% increase to $354 million. Skin Health and Beauty benefited from favorable value…
• Income Tax Rate ChangesImportance 48 · Surprise 40
  The six-month provision for income taxes increased $36 million to $340 million because of higher pretax income and a stock-based compensation tax shortfall, partly offset by a lower effective tax rate. The worldwide…
• Supply Chain Tariff ImpactImportance 44 · Surprise 60
  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…
• Operating Expense TrendsImportance 43 · Surprise 32
  Six-month selling, general, and administrative expenses decreased $51 million, or 1.7%, to approximately $2.990 billion, reducing SG&A as a percentage of sales by 210 basis points to 38.0%. Restructuring savings and a…
• Gross Margin DriversImportance 43 · Surprise 32
  Six-month cost of sales increased 3.5% to $3.261 billion from $3.151 billion, while gross margin expanded 10 basis points to 58.5% from 58.4%. Supply-chain optimization benefits and favorable value realization more…
• Supply Chain OptimizationImportance 37 · Surprise 42
  Supply chain optimization initiatives generated benefits in cost of sales and supported segment performance across Self Care, Skin Health and Beauty, and Essential Health. The initiatives partially offset input-cost…
• Product Launch and TransitionImportance 31 · Surprise 42
  Product innovation supported volume growth across Kenvue’s portfolio, including Digestive Health in the United States, major Skin Health and Beauty need states, Wound Care, and Baby Care. Skin Health and Beauty volume…
• Revenue Performance and MixImportance 28 · Surprise 32
  Six-month net sales increased 3.7% to $7.864 billion from $7.580 billion, with organic sales up 1.2% after a 2.5% favorable foreign-exchange impact. Price/mix contributed 1.0% and volume contributed 0.2%, driven by…
• Competition and Pricing PressureImportance 20 · Surprise 24
  Essential Health experienced declines in Oral Care largely attributable to competitive pressures. The segment also used increased strategic price investments across all regions, resulting in unfavorable value…
• Distribution Gains in Wound CareImportance 17 · Surprise 24
  Essential Health volume growth included distribution gains in Wound Care, largely attributable to the United States. Wound Care gains were one of the segment’s primary volume drivers alongside strong e-commerce…
• Geographic Market CommentaryImportance 10 · Surprise 6
  Latin America, EMEA, and Asia Pacific supported value realization through new pricing actions. Self Care demand was weaker in EMEA and Asia Pacific because of Digestive Health declines, although Smoking Cessation grew…
• Digital Channel and Delivery GrowthImportance 10 · Surprise 6
  Strong e-commerce performance contributed to volume growth across all three reportable business segments in the quarter. E-commerce was particularly important for Self Care, where it partially offset lower…

Revenue by Product (in millions)