Kenvue’s stock jumps after earnings beat as company unveils plan to cut 4% of global workforce
Volume fell by 3.1% due to the lapping of one-time retailer inventory re-builds in the first quarter of 2023, as well as the impact of retailer inventory reduction in the first quarter of 2024, which Kenvue is expecting to continue through the second quarter.
Tylenol maker Kenvue to cut 4% jobs, beats quarterly profit estimates
(Reuters) -Kenvue will cut 4% of its global workforce amid investments to grow its key brands, the Tylenol and Band-Aid maker said on Tuesday, as it topped beat Wall Street estimates for first-quarter profit.
Kenvue to Cut About 4% of Workforce as Services for J&J Expire
Kenvue Inc. shares rose after the consumer health company announced plans for a roughly 4% reduction in its global workforce, part of an efficiency plan intended to make it more competitive.
Kenvue Sales Increase Slightly; Says It Will Reduce Workforce by 4%
Kenvue, the Johnson & Johnson spinoff that makes Tylenol and Benadryl, posted better-than-expected sales in its latest quarter and disclosed plans to reduce its workforce. The Skillman, N.J., drug maker's board on Monday approved an initiative aimed at ...
Tylenol Maker Kenvue Beats Quarterly Profit Estimates, Announces Job Cuts
Kenvue beat Wall Street estimates for first-quarter profit and said it would cut 4% of its global workforce to expand its key brands.
Tylenol maker Kenvue beats quarterly profit estimates, to cut 4% jobs
Kenvue beat Wall Street estimates for first-quarter profit on Tuesday, and said it would cut 4% of its global workforce amid the Tylenol and Band-Aid maker's efforts to expand its key brands. Since its spinoff from Johnson & Johnson in May last year,
FiercePharma1h
Kenvue maps out hundreds of layoffs as service pact with J&J winds down
Even after consumer outfit Kenvue split from Johnson & Johnson one year ago, the company has been performing certain services for the pharma and medtech giant as part of a transition process. | Kenvue ...
Kenvue Reports First Quarter 2024 Results
Kenvue Inc. (NYSE: KVUE) ("Kenvue"), today announced financial results for the fiscal first quarter ended March 31, 2024.
Business Insider1d
Kenvue is about to announce its earnings — here's what Wall Street expects
Kenvue reveals earnings for the most recent quarter on May 7. Wall Street predict expect Kenvue will release earnings per share of $0.254. Go here to follow Kenvue stock price in real-time on ...
SFGate5h
Kenvue: Q1 Earnings Snapshot
SKILLMAN, N.J. (AP) — SKILLMAN, N.J. (AP) — Kenvue Inc. (KVUE) on Tuesday reported first-quarter earnings of $296 million. The Skillman, New Jersey-based company said it had profit of 15 cents per ...
Kenvue Inc's Dividend Analysis
Kenvue Inc (NYSE:KVUE) recently announced a dividend of $0.2 per share, payable on 2024-05-22, with the ex-dividend date set ...
Yahoo Finance8h
Kenvue Inc (KVUE) Q1 2024 Earnings: Aligns with Analyst EPS Projections Amidst Strategic ...
Warning! GuruFocus has detected 3 Warning Sign with KVUE. Kenvue Inc (NYSE:KVUE), the world's largest pure-play consumer ...