Short answer
Kenvue (KVUE) filed its fiscal 2024 10-K annual report with the SEC on Feb 24, 2025. It reported revenue of $15.5B (+0.1% year over year) and net income of $1.0B.
- Top risk flagged: Talc-related litigation risk for Johnson’s® Baby Powder sold outside US/Canada, with talc-based powder discontinued globally in 2023
FY2024 key financial metrics · XBRL
- Revenue
- $15.5B
- +0.1% YoY
- Net income
- $1.0B
- −38.1% YoY
- Operating margin
- 11.9%
- −4.4 pp YoY
- Gross margin
- 58.0%
- +2.0 pp YoY
- EPS (diluted)
- $0.54
- −40.0% YoY
- ROE
- 10.7%
- −4.2 pp YoY
- Operating cash flow
- $1.8B
- −44.2% YoY
Source: XBRL data from the Kenvue (KVUE) FY2024 10-K on SEC EDGAR. USD.
Kenvue FY2024 10-K analysis
AI summary of each section, grounded in the filing text
Management Discussion & Analysis
- Operating cash flow $1.8B down $1.4B YoY from $3.2B in fiscal 2023, decline driven by working capital changes
- Financing cash outflow $1.6B in fiscal 2024, included $1.55B dividends and $235M share repurchases; repurchased 10.86M shares for $235M
- Investing cash outflow $425M, mainly for property, plant, equipment, down $63M vs $488M prior year
- Cash & equivalents $1.07B at Dec 29, 2024, down $312M from $1.38B year prior; capacity includes $4B revolving credit and $4B commercial paper programs
- Management expects $275M pre-tax restructuring charges in fiscal 2025; targeting $350M annual cost savings by 2026 from restructuring initiative
Risk Factors
- Talc-related litigation risk for Johnson’s® Baby Powder sold outside US/Canada, with talc-based powder discontinued globally in 2023
- Global operations exposed to foreign currency fluctuations and geopolitical conflicts impacting supply and costs
- Reliance on third-party manufacturers exposes Kenvue to operational, compliance, and cybersecurity vulnerabilities
- Competitive pressures from multinational corporations and private-label brands intensifying across all markets
- Debt obligations impose business restrictions, with subsidiary dividend dependence for meeting financial obligations
Generated from the filing text; verify against the original. How to read a 10-K
Other Kenvue annual reports
Ask about this 10-K
Compare years, dig into a risk factor or check the numbers against insider trades and fund holders.