Kenvue Considering Price Hikes to Cover Tariffs -- Market Talk

Dow Jones
02-07

1400 ET - Kenvue is considering potential pricing actions to cover Trump's 25% tariff proposals on Canada, Mexico and his levying of an additional 10% tariff on China, though the company isn't pulling the trigger while the tariff situation remains fluid, CFO Paul Ruh says on a call with analysts. "We have the playbook ready and we will be ready to take actions in the short-term and also in the long-term," the CFO says. Kenvue uses imports from Canada, Ruh says, and smaller amounts from China and Mexico. Kenvue's current guidance doesn't incorporate the impact of potential tariffs, Ruh says. (dean.seal@wsj.com)

(END) Dow Jones Newswires

February 06, 2025 14:01 ET (19:01 GMT)

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