Kenvue (KVUE) reported Q3 adjusted earnings Thursday of $0.28 per diluted share, down from $0.31 a year earlier.

Analysts polled by Capital IQ expected $0.27.

Net sales for the quarter ended Sept. 29 were $3.90 billion, compared with $3.92 billion a year earlier.

Analysts polled by Capital IQ expected $3.92 billion.

The company said it expects to hit the lower end of its full-year net sales growth forecast of 1% to 3%, and reiterated its adjusted EPS guidance of $1.10 to $1.20. Analysts polled by Capital IQ expect an adjusted EPS of $1.14 on revenue of $15.66 billion.