Kenvue Q1 revenue up 4.5%, margins expand as K-C merger awaits H2 2026 close

Filed May 7, 2026 · Period ending March 29, 2026 · Compared to 10-Q May 8, 2025 · ~2 min read

Key Changes

• high

  Kimberly-Clark merger approved by shareholders (Jan 2026) and HSR (Feb 2026); Kenvue holders to receive 0.14625 K-C shares plus $3.50 cash per share, expected to close second half 2026.

  MD&A: Pending K-C Merger verify on EDGAR →
• high

  Q1 2026 net sales grew 4.5% to $3.9B (vs. 3.9% decline prior year); organic sales turned positive at +0.7% driven by 1.0% pricing gains despite slight volume declines.

  MD&A: Net Sales Performance verify on EDGAR →
• high

  Operating income surged 37.5% to $767M and net income up 47.2% to $474M, reflecting margin expansion (gross margin +90 bps to 58.9%) and SG&A leverage (down 390 bps to 37.2% of sales).

  MD&A: Operating Income & Profitability verify on EDGAR →