Summary by Moomoo AI
Johnson & Johnson (J&J) has reported a 6.5% increase in worldwide sales to $85.2 billion for the year 2023, compared to the previous year. U.S. sales saw a 10.6% rise, while international sales grew by 1.9%. The company's Innovative Medicine segment contributed $54.8 billion, up 4.2% from 2022, with significant growth in products like STELARA and TREMFYA. The MedTech segment also saw a 10.8% increase in sales to $30.4 billion, bolstered by acquisitions and operational growth. Despite these gains, J&J faces cybersecurity threats that could impact its business and financial condition. The company has established privacy compliance programs but acknowledges the risk of information security incidents. J&J also anticipates challenges following the separation of Kenvue Inc., including potential tax liabilities and the inability to predict Kenvue...Show More