KVUEKenvue

Consumer staples · Cosmetics · NYSE

At Kenvue, our purpose is to realize the extraordinary power of everyday care. 10-K, Item 1

Employees: 22,000
Headquarters: Summit, NJ
CEO: Kirk Perry
Next results: around Feb 16, 2027

The biggest changes in the 10-K filed 2026-02-20, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.

Net income

+42.7% Big change FY to 2025-12-28 vs 2024-12-29

The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.

Operating margin

11.9% → 16.0% (+4.0 pts) Big change FY to 2025-12-28 vs 2024-12-29

The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.

Cash from operations

+24.2% Big change FY to 2025-12-28 vs 2024-12-29

The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.

Revenue

-2.1% FY to 2025-12-28 vs 2024-12-29

“Excluding the impact of favorable changes in foreign currency exchange rates of 0.2% and the reduction in Net sales related to divestitures of 0.1%, Organic sales (a non-GAAP financial measure as defined in “Segment Results—Organic Sales Change” below) decreased 2.2% driven by volume-related decreases of 2.3% partially offset by favorable value realization (defined as price, including mix) of 0.1%.”
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“Excluding the impact of the reduction in Net sales related to divestitures of 0.3%, Organic sales decreased 2.7% driven by both volume-related decreases of 1.8% and unfavorable value realization of 0.9% attributable to strategic price investments.”
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Gross margin

58.0% → 58.1% (+0.2 pts) FY to 2025-12-28 vs 2024-12-29

“Changes in Cost of sales were primarily due to volume-related Net sales decreases.”
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Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗

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