Capital AllocationKVUE is prioritizing its capital allocation with: investing in brands, returning cash to shareholders in dividends, deleveraging, and evaluating potential tuck-in acquisitions.
EarningsKVUE stock outperformed following earnings results, +15% as results beat expectations while KVUE reiterated 2024 guidance.
Financial PerformanceKVUE saw gains from supply chain efficiency, commodity pricing, and value realization, resulting in a better gross margin of 61.6%.