BUZZ-Kenvue falls on forecasting 2025 profit below estimates

Reuters
02-06
BUZZ-Kenvue falls on forecasting 2025 profit below estimates

** Shares of consumer healthcare co Kenvue KVUE.N fall ~2% to $20.33 premarket

** Co forecasts 2025 adjusted profit below estimates hit by a stronger dollar and weak demand for its cough and cold products

** Co forecasts flat to 2% growth in 2025 adjusted EPS, compared with $1.14 it earned in 2024

** Analysts expect earnings to grow 5.6% this year, or to $1.21 per share, according to estimates compiled by LSEG

** Reports Q4 sales of $3.66 billion slightly missing estimates of $3.77 billion, hit by low incidences of cold, cough and flu

** Stock fell over 20% since its stock market debut in May 2023

(Reporting by Sneha S K)

((Sneha.SK@thomsonreuters.com;))

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