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Kenvue Beats Estimates on Healthcare Sales, Beauty Lags

While overall sales and revenue narrowly beat Wall Street expectations, sales in its skincare and beauty segment were softer.
A model holding Neutrogena products
Kenvue has faced pressure from activist investors to boost performance, particularly at its struggling skin-health and beauty unit, which includes brands like Neutrogena and Aveeno. (Shutterstock)
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Kenvue beat quarterly profit and revenue estimates on Thursday as better-than-expected demand for cough-and-cold brands like Tylenol and Benadryl offset weaker sales in its skin-health and beauty segment, sending shares up nearly 5 percent in premarket trade.

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