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J&J forecasts 12.5% growth in 2023 profit after Kenvue spinoff

2023-08-30 18:59
Johnson & Johnson on Wednesday forecast 12.5% growth in its annual adjusted profit after completing the separation of
J&J forecasts 12.5% growth in 2023 profit after Kenvue spinoff

Johnson & Johnson on Wednesday forecast 12.5% growth in its annual adjusted profit after completing the separation of consumer health company Kenvue.

The company expects 2023 adjusted reported earnings per share of $10.00 - $10.10 in 2023, reflecting increased growth of 12.5% at the mid-point.

(Reporting by Manas Mishra in Bengaluru)