Reported 2 months ago
Kenvue, the maker of Listerine, outperformed Wall Street's profit and revenue estimates for the second quarter, largely due to better-than-expected sales in its essential health products unit, which includes brands like Band-Aid and Carefree. The company reported $1.26 billion in revenue for this segment, up nearly 5% year-over-year, contributing to total revenue of $4 billion, surpassing analysts' expectations. However, other segments like skin health showed declines, prompting the company to increase its marketing budget to boost those sales.
Source: YAHOO