Kenvue (KVUE) reported Q1 adjusted earnings Thursday of $0.24 per diluted share, down from $0.28 a year earlier.
Analysts polled by FactSet expected $0.23.
Net sales for the quarter ended March 30 were $3.74 billion, compared with $3.89 billion a year earlier.
Analysts surveyed by FactSet expected $3.68 billion.
The company said it updated its 2025 outlook to reflect the impact of tariffs and foreign exchange rates.
Kenvue now expects 2025 adjusted diluted EPS growth to be about flat, compared with previous outlook of flat to up 2%. Analysts surveyed by FactSet expect $1.15.
The company raised its net sales growth guidance to a range of 1% to 3%, from the previous range of 1% decline to 1% growth. Analysts polled by FactSet expect $15.42 billion.
Shares of the company rose more than 3% in recent premarket activity.
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