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Band-Aid Maker Kenvue Cuts Workforce By 4%, Q1 Earnings Beat Street Expectations

Pure-play consumer health company Kenvue Inc (NYSE:KVUE) reported first-quarter sales of $3.89 billion, beating the consensus of $3.79 billion. Kenvue’s some of the iconic brands include Aveeno, BAND-AID Brand, Johnson’s, Listerine, Neutrogena, and Tylenol. Sales increased 1.1%, up from 7.3% in the prior year period. Organic growth was 1.9%, up from 11.2% in the prior year. Increases in net sales and organic growth were primarily driven by sustained momentum in Self Care on strong consumer demand and growth in Essential Health led by Oral Care, partially offset by underperformance in Skin Health and ...