Kenvue (KVUE) Revenue — Quarter Ended Mar 31, 2024
Revenue rose in the first quarter compared with both the prior quarter and the same period last year. The sequential rebound followed a decline in the preceding quarter.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue rose in the first quarter compared with both the prior quarter and the same period last year. The sequential rebound followed a decline in the preceding quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.9B
Revenue reported for this quarter.
Quarter-over-quarter
+6.2%
Change from the immediately preceding quarter.
Year-over-year
+1.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$15.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jul 2, 2023 | $4B | +5.4% |
| Oct 1, 2023 | $3.9B | +3.3% |
| Dec 31, 2023 | $3.7B | -2.7% |
| Mar 31, 2024 | $3.9B | +1.1% |
Revenue performance
The reported revenue for the quarter showed a solid sequential increase. The growth was notably stronger than the year-over-year gain.
Quarterly comparison
Compared with the immediately preceding quarter, revenue moved higher, reversing the prior decline. On a year-over-year basis, revenue also grew, but at a more moderate pace.
What to watch
Future filings may indicate whether this sequential growth momentum can be sustained.