Kenvue Inc 2026年季度报告

QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period endedMarch29, 2026 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period fromto Kenvue Inc. (Exact name of registrant as specified in its charter) 88-1032011 (908)874-1200(Registrant’s telephone number, including area code) Not Applicable(Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90days.☑Yes☐No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that theregistrant was required to submit such files).☑Yes☐No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).☐Yes☑No On May1, 2026, 1,920,008,668 shares of Common Stock, $0.01 par value, were outstanding. TABLE OF CONTENTS Page No.Cautionary Note Regarding Forward-Looking Statements3Part I—Financial InformationItem 1.Financial Statements (unaudited)5Condensed Consolidated Balance Sheets5Condensed Consolidated Statements of Operations6Condensed Consolidated Statements of Comprehensive Income7Condensed Consolidated Statements of Stockholders’ Equity8Condensed Consolidated Statements of Cash Flows9Notes to Condensed Consolidated Financial Statements10Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations31Item 3.Quantitative and Qualitative Disclosures About Market Risk42Item 4.Controls and Procedures42Part II—Other InformationItem 1.Legal Proceedings43Item 1A.Risk Factors43Item 2.Unregistered Sales of Equity Securities and Use of Proceeds43Item 5.Other Information43Item 6.Exhibits44Signatures45 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q and Kenvue Inc.’s other publicly available documents contain forward-looking statements withinthe meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-lookingstatements do not relate strictly to historical or current facts and reflect management’s assumptions, views, plans, objectives, andprojections about the future. Forward-looking statements may be identified by the use of words such as “plans,” “expects,” “will,”“anticipates,” “estimates,” and other words of similar meaning in conjunction with, among other things: discussions of futureoperations;expected operating results and financial performance;impact of planned acquisitions and dispositions;our strategy forgrowth and cost savings;product development activities;regulatory approvals;market position; expenditures; the effects of theSeparation (as defined in Note 1, “Description of the Company and Summary of Significant Accounting Policies—Description of theCompany and Business Segments,” to the Condensed Consolidated Financial Statements included herein) on our business; and thePending Transaction (as defined in Note 1, “Description of the Company and Summary of Significant Accounting Policies—PendingTransaction with Kimberly-Clark,” to the Condensed Consolidated Financial Statements included herein). As used in this QuarterlyReport on Form 10-Q, “Kenvue,” the “Company,” “we,” “us,” “our,” and similar terms include Kenvue Inc. and its subsidiaries, unlessthe context indicates otherwise. Because forward-looking statements are based on current beliefs, expectations, and assumptions regarding future events, they aresubject to risks, uncertainties, and changes that are difficult to predict and many of which are outside of our control. You should realizethat if underlying assumptions prove inaccurate, or known or unknown risks or uncertainties materialize, our actual results andfinancial condition could vary materially from expectations and projections expressed or implied in our for