Kenvue Expects 2024 Reported Net Sales Growth Of 1.0%-3.0%, Organic Growth Of 2.0%-4.0%; Adjusted EPS Of $1.10-$1.20, Est $1.26
Portfolio Pulse from Benzinga Newsdesk
Kenvue projects its 2024 net sales growth to be between 1.0%-3.0% and organic growth between 2.0%-4.0%. The company anticipates an adjusted EPS of $1.10-$1.20, which is below the estimated $1.26. CFO Paul Ruh highlighted the guidance accounts for potential macroeconomic challenges and uncertainties in seasonal businesses.
February 08, 2024 | 12:06 pm
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Kenvue anticipates a 2024 net sales growth of 1.0%-3.0% and organic growth of 2.0%-4.0%, with an adjusted EPS of $1.10-$1.20, below the estimated $1.26.
Kenvue's projected adjusted EPS is below market expectations, which could lead to negative investor sentiment in the short term. The acknowledgment of macroeconomic challenges and uncertainties in seasonal businesses further adds to potential concerns about the company's performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100