Quarterly ResultMay 7, 2026, 07:57 AM
Kenvue Q1 Net Income Jumps 47% to $474M; Kimberly-Clark Merger Update
AI Summary
Kenvue Inc. reported strong financial results for the first fiscal quarter of 2026, with significant increases in net income, diluted EPS, net sales, and operating income. The company also provided an update on its pending merger with Kimberly-Clark Corporation, confirming shareholder approvals and the expiration of the Hart-Scott-Rodino waiting period, with foreign regulatory approvals still pending. Cash flows from operating activities also saw a healthy increase.
Key Highlights
- Net income increased 47.2% to $474 million for the fiscal three months ended March 29, 2026.
- Diluted EPS rose 47.1% to $0.25 for the fiscal three months ended March 29, 2026.
- Net sales grew 4.5% to $3,909 million for the fiscal three months ended March 29, 2026.
- Operating income surged 37.5% to $767 million for the fiscal three months ended March 29, 2026.
- Shareholders approved the Kimberly-Clark merger agreement on January 29, 2026.
- The Hart-Scott-Rodino waiting period for the Kimberly-Clark merger expired on February 4, 2026.
- Net cash flows from operating activities were $489 million for the fiscal three months ended March 29, 2026.
- The company repaid $750 million in Senior Notes during the fiscal three months ended March 29, 2026.