07:28 AM EDT, 05/07/2024 (MT Newswires) -- Kenvue ( KVUE ) reported Q1 adjusted earnings Tuesday of $0.28 per diluted share, down from $0.37 a year earlier.

Analysts polled by Capital IQ expected $0.25.

Net sales for the quarter ended March 31 was $3.89 billion, up from $3.85 billion a year earlier.

Analysts surveyed by Capital IQ expected $3.79 billion.

For 2024, the company reiterated its previous guidance of adjusted earnings of $1.10 to $1.20 per share on net sales growth of 1% to 3%. Analysts polled by Capital IQ expect adjusted EPS of $1.15 on revenue of $15.63 billion.

Shares of Kenvue ( KVUE ) were up more than 3% in recent premarket activity Tuesday.

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