Filing Flows › Kenvue (KVUE) › Q1 2025
Kenvue (KVUE) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Kenvue (KVUE) reported revenue of $3.7B for the first quarter 2025 (Q1 2025), -4% from a year earlier and +2% from the quarter before. Operating margin was 14.9%, net earnings $322M (8.6% of revenue).
Kenvue, Q1 2025: revenue $3.7B (-4% year over year), operating margin 14.9%, net earnings $322M, operating cash flow $428M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.7B | +2% | -4% |
| Gross profit | $2.2B | +5% | -3% |
| Operating profit | $558M | +16% | +1% |
| Net earnings | $322M | +10% | +9% |
| Operating cash flow | $428M | -46% | +49% |
| Free cash flow | $249M | -62% | +86% |
What changed
Revenue was $3.7B in Q1 2025, down 4% year over year and up 2% from the previous quarter. Self Care was the largest line at 45% of revenue. Skin Health and Beauty lost $0.08B year over year (down 7%), 50% of the total change.
Gross margin was 58.0%, up 0.4 points from a year earlier. Operating profit was $0.56B, a 14.9% margin (up 0.8 points year over year). Operating expenses fell 5% while revenue fell 4%. Net earnings were $0.32B, up 9% year over year. The effective tax rate was 29.7%.
Operating cash flow was $0.43B (up 49% year over year), 133% of net earnings. Non-cash charges added back $0.14B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items used $0.07B. Capital expenditures of $0.18B left free cash flow of $0.25B.
Questions
What was Kenvue's revenue in the first quarter 2025?
Kenvue (KVUE) reported revenue of $3.7B for the first quarter 2025 (Q1 2025), -4% from a year earlier and +2% from the quarter before.
Was Kenvue profitable in the first quarter 2025?
Operating profit was $558M (14.9% of revenue) and net earnings $322M.
Source: Kenvue 10-Q on SEC EDGAR.