KVUE

Kenvue Inc.

19.50^post−$0.05 (−0.26%)at close +$0.00 (+0.00%)

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as of 22:20:19 UTCnext report Aug 6 · tomorrow

Earnings Room‹ back to KVUE

The report

fiscal Q2 2026 · from the company's notice

Aug 6before open1day out

Expected movement

market-implied · at the Aug 4 close

±1.7%is what the chain prices between now and the expiry below. Not a view we hold.

That span is 3days, so it covers the report plus the ordinary movement around it. The chain doesn't yet quote a second expiry we can separate the two with; the range narrows onto the report as it approaches.

expiry Aug 7 · first after the reportATM strike 19.5straddle 0.39ATM IV 23%× 0.85 straddle-to-rangespot 19.50

Blast radius

6 linked · N-PORT + EDGAR

If KVUE moves ±1.7% over this report, these carry part of it. Fund rows are arithmetic on published holding weights — what an index fund does by construction. Company rows are ranked by disclosed tie strength.

XLPfundState Street Consumer Staples Select Sector SPDR ETF2.2% of the fund0.04%RSPfundInvesco S&P 500 Equal Weight ETF0.19% of the fund0.00%VTVfundVanguard Value Index Fund0.14% of the fund0.00%SPYfundSPDR S&P 500 ETF Trust0.06% of the fund0.00%VOOfundVanguard 500 Index Fund0.06% of the fund0.00%IVVfundiShares Core S&P 500 ETF0.06% of the fund0.00%

Positioning

10 expiries · as of the Aug 4 close

Contracts already committed, not just traded today — puts against calls, sized by expiry. The tick is today's volume moving against that stance; the arrow, how much built up since the prior session.

OI ΔPutsOI

Expiry

OICallsOI Δ

first

855

Jul 31

1d · Jul 30

1.5k

first

▲ +12%

3.8k

Aug 7

1.3k

▲ +14%

▲ +1%

1.0k

Aug 14

10d

270

▲ +3%

first

5.2k

Aug 21

22d · Jul 30

10.8k

first

▲ +308%

Aug 28

24d

128

▲ +27%

▲ +2%

Sep 4

31d

▲ +0%

first

124

Sep 11

38d

first

▲ +0%

12.0k

Sep 18

45d

46.8k

▲ +0%

5.2k

Dec 18

136d

7.9k

▲ +2%

▲ +0%

14.1k

Jan 15

164d

53.8k

▼ −0%

The record

expected in pale · actual in full color

2/8reports moved further than the options market had pricedtypically ±3.7% realized vs ±4.7% priced

May 7 '26±3.6%→+0.2%×0.06

Feb 17 '26±3.5%→+2.5%×0.72

Nov 3 '25±7.2%→+12.3%×1.70

Aug 7 '25±4.1%→+1.5%×0.36

Jul 14 '25±2.6%→+2.3%×0.86

May 8 '25±7.8%→+4.1%×0.52

Feb 6 '25±4.0%→−4.5%×1.12

Nov 7 '24±4.2%→+2.1%×0.49

pale = implied the day beforeink = the next day's close× = realized ÷ implied

2-quarter memory

Q1 FY26 · reported 0.25 · rev $3.9B

record note

The note composes when the report lands. Nothing is written for a quarter that hasn't been read.