Kenvue beat earnings estimates but missed revenue targets, raised 2025 guidance, and pays dividends exceeding profits.

Kenvue Inc. (KVUE) reported second-quarter earnings of $0.29 per share, slightly above expectations, but revenue of $3.84 billion missed estimates and declined 4.0% year-over-year. The company raised its 2025 full-year earnings guidance to $1.00–1.05 per share, while analysts project $1.14. Despite a 5.1% dividend yield, the payout ratio is 112.16%, indicating dividends exceed earnings. Institutional investors increased their stake, with KLP Kapitalforvaltning AS and DAVENPORT & Co LLC boosting holdings. The stock, trading at $16.21 with a market cap of $31.10 billion, has a consensus “Hold” rating and a target price of $22.46.