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Market
Public perception of Kenvue 6 months after workforce reduction announcement
2
Resolution / Starting Odds
Improves • 33%
Worsens • 34%
Remains the same • 33%
Consumer surveys and social media sentiment analysis
Story
Kenvue Stock Rises 4.7% on Earnings Beat, Plans 4% Workforce Cut
May 7, 2024, 12:24 PM
Kenvue, a consumer health company known for products like Tylenol and Band-Aid, reported a strong performance in the first quarter, surpassing Wall Street estimates. The company announced a 4.7% increase in stock value following the earnings report that exceeded expectations with a Non-GAAP EPS of $0.28, beating by $0.03, and revenue of $3.9 billion, which was $110 million above forecasts. Concurrently, Kenvue disclosed plans to cut 4% of its global workforce as part of an efficiency initiative aimed at enhancing competitiveness.
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Public perception improves • 33%
Public perception stays the same • 33%
Public perception worsens • 34%
Improved • 33%
Unchanged • 33%
Worsened • 33%
Mostly negative • 33%
Mostly positive • 33%
Neutral or mixed • 33%
Improved • 33%
Worsened • 33%
Unchanged • 34%
Significantly decreased • 25%
Slightly decreased • 25%
Unchanged • 25%
Improved • 25%
Significantly more positive • 33%
Significantly more negative • 33%
No significant change • 34%
Improves • 25%
Worsens • 25%
Remains the same • 25%
Not determined • 25%
Predominantly positive • 33%
Mixed reactions • 33%
Predominantly negative • 34%
Positive • 33%
Negative • 33%
Neutral • 34%
Improved perception • 33%
Unchanged perception • 33%
Worsened perception • 33%
Viewed more negatively • 33%
Viewed more positively • 33%
No significant change in perception • 34%