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Kenvue (KVUE) Q1 FY2022 earnings: revenue $3.6 billion

Kenvue Inc. (KVUE) reported revenue of $3.6 billion for Q1 FY2022, the quarter ended 3 April 2022. Net income was $512 million, and diluted earnings per share $0.31. The figures are the company's own, from the 10-Q it filed with the SEC on 2 June 2023.

Revenue
$3.6 billion
Q1 FY2022Q1 FY2022
Operating margin
17.0%
Q1 FY2022Q1 FY2022
Net income
$512 million
Q1 FY2022Q1 FY2022
Diluted EPS
$0.31
Q1 FY2022Q1 FY2022

this quarterthe same quarter a year earlierHover a bar for its figure.

Income statement (profit and loss)

$ millionQ1 FY2022Quarter beforeA year earlierOn the quarterOn the yearLast 8 quarters
Revenue3,590n/an/a
Cost of revenue1,634n/an/a
Gross profit1,956n/an/a
Gross margin54.5%n/an/a
Research and development88.0n/an/a
Selling, general and administrative1,350n/an/a
Operating income611n/an/a
Operating margin17.0%n/an/a
Interest expense0.0n/an/a
Pre-tax income612n/an/a
Income tax100n/an/a
Effective tax rate16.3%n/an/a
Net income512n/an/a
Net margin14.3%n/an/a
Diluted EPS$0.31n/an/a
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed.

Cash flow

$ millionQ1 FY2022Quarter beforeA year earlierOn the quarterOn the yearLast 8 quarters
Operating cash flow338n/an/a
Capital expenditure37.0n/an/a
Free cash flow301n/an/a
Free cash flow margin8.4%n/an/a
Cash from investing-42.0n/an/a
Cash from financing-210n/an/a
Depreciation and amortisation165n/an/a
Share-based compensation35.0n/an/a
Dividends paid0.0n/an/a
Diluted shares, weighted1,716mn/an/a
Shares outstanding at period end1,915mn/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ1 FY2022Quarter beforeA year earlierOn the quarterOn the yearLast 8 quarters
Shareholders' equity20,465n/an/a
Cash and equivalents829n/an/a

Questions

What was Kenvue's revenue in Q1 FY2022?

Kenvue (KVUE) reported revenue of $3.6 billion for Q1 FY2022, the quarter ended 3 April 2022.

How much did Kenvue earn in Q1 FY2022?

Net income for Q1 FY2022 was $512 million, and diluted earnings per share $0.31.

When did Kenvue report Q1 FY2022 results?

Kenvue filed its 10-Q for the quarter ended 3 April 2022 with the SEC on 2 June 2023.

Quarterly results, the last 19 quarters

Q1 FY2022 †Q2 FY2022 †Q3 FY2022Q4 FY2022Q1 FY2023 †Q2 FY2023Q3 FY2023Q4 FY2023Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue3,5903,8043,7893,7673,8524,0113,9153,6663,8944,0003,8993,6623,7413,8393,7643,7803,9093,9553,886
Cost of revenue1,6341,6461,6641,7211,7271,7861,6651,6231,6521,6351,6171,5921,5731,5781,5381,6431,6071,6541,572
Gross profit1,9562,1582,1252,0462,1252,2252,2502,0432,2422,3652,2822,0702,1682,2612,2262,1372,3022,3012,314
Gross margin54%57%56%54%55%55%57%56%58%59%59%57%58%59%59%57%59%58%60%
R&D88.094.090.010389.099.078.013310010597.010699.091.094.098.084.094.096.0
SG&A1,3501,3751,3761,5321,5021,5221,5311,5861,5731,6411,5901,5251,5371,5041,5121,5351,4531,5371,569
Operating income611770763531640702710460550154654483558692629535767699706
Operating margin17%20%20%14%17%18%18%13%14%4%17%13%15%18%17%14%20%18%18%
Interest expense0.00.00.00.01.053.010096.0109106108108107107107109106103104
Pre-tax income61277573851260963958535742765.0577346458588526427672598609
Tax rate16%22%21%29%23%33%25%8%31%11%34%15%30%29%24%23%29%24%29%
Net income51260458636146943043832729658.0383293322420398330474456430
Net margin14%16%15%10%12%11%11%9%8%1%10%8%9%11%11%9%12%12%11%
Diluted EPS$0.31$0.35$0.34$0.21$0.27$0.23$0.23$0.17$0.15$0.03$0.20$0.15$0.17$0.22$0.21$0.17$0.25$0.24$0.22
Operating cash flow338807736644802742674950287440249793428621294854489688700
Capital expenditure37.076.010315955.077.011422315390.059.013217988.098.011013964.080.0
Free cash flow301731633485747665560727134350190661249533196744350624620
Buybacksn/an/an/an/a0.00.00.07.091.00.023.012163.064.070.00.00.00.00.0
Dividends paid0.00.00.00.00.00.0383383383383393393392393398398398398403
Shares outstanding1,915m1,915m1,915m1,915m1,716m1,915m1,915m1,915m1,915m1,915m1,916m1,914m1,919m1,919m1,916m1,916m1,920m1,920m1,921m
Filing10-K10-Q10-Q10-K10-K10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 3 April 2022, filed 2 June 2023: the filing.