Kenvue Inc. Reports Q1 2025: Net Sales Down 3.9%, Adjusted EPS Drops to $0.24
Kenvue Inc. reported a 3.9% decline in net sales for Q1 2025, attributed to a 1.2% drop in organic sales and a 2.7% negative impact from foreign currency fluctuations. Adjusted diluted EPS fell to $0.24 from $0.28, while diluted EPS rose to $0.17. The company projects a 1% to 3% increase in net sales for the full year, maintaining an organic growth expectation of 2% to 4%. Kenvue is addressing tariff impacts and will transition its CFO on May 12, 2025, while focusing on profitable growth and cost optimization.
Kenvue Inc. reported its financial results for the first quarter of 2025, noting a decrease in net sales by 3.9% compared to the same period in the previous year. This decline was attributed to a 1.2% drop in organic sales and a 2.7% negative impact due to foreign currency fluctuations. Despite this, diluted earnings per share increased to $0.17 from $0.15 in the previous year, although adjusted diluted earnings per share decreased to $0.24 from $0.28. The company also updated its outlook for the full year 2025, anticipating a net sales increase of 1% to 3% year-over-year. This projection includes an unchanged organic sales growth expectation of 2% to 4%, alongside a roughly 1% headwind from foreign currency translation. Kenvue is actively working to mitigate the financial impact of tariffs and announced the transition of its Chief Financial Officer effective May 12, 2025. The company remains focused on accelerating profitable growth and optimizing its cost structure despite the evolving macro and consumer environment.
