Listerine-Maker Kenvue's Stock Soars On Strong Q2 Sales From Its Essential Health Unit, Reaffirms Annual Guidance
Portfolio Pulse from Vandana Singh
Kenvue Inc. (NYSE: KVUE) reported strong Q2 2024 financial results, with sales of $4 billion, beating expectations. The company's Essential Health segment saw a 4.9% increase in sales, while other segments experienced declines. Kenvue reaffirmed its annual guidance and expects full-year adjusted EPS of $1.10-$1.20. The stock rose 13.80% following the announcement.
August 06, 2024 | 2:30 pm
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Kenvue Inc. reported better-than-expected Q2 2024 results with $4 billion in sales, driven by its Essential Health segment. The company reaffirmed its annual guidance and expects full-year adjusted EPS of $1.10-$1.20. The stock rose 13.80% following the announcement.
The strong Q2 results and reaffirmed annual guidance indicate positive performance and future prospects for Kenvue. The significant stock price increase of 13.80% reflects investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100