Kenvue (NYSE:KVUE) Full Year 2023 Results

Key Financial Results

• Revenue: US$15.4b (up 3.3% from FY 2022).
• Net income: US$1.66b (down 19% from FY 2022).
• Profit margin: 11% (down from 14% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: US$0.90 (down from US$1.20 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Kenvue EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Personal Products industry in the US.

Performance of the American Personal Products industry.

The company's share price is broadly unchanged from a week ago.

Valuation

Kenvue's financial results now indicate the company's shares could present an opportunity based on 6 important indicators. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.

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