Kenvue makes consumer health products including Tylenol, Band-Aid, Listerine and Neutrogena, spun off from Johnson & Johnson to separate the consumer health business from J&J's pharmaceutical and medical device operations. Its portfolio spans over-the-counter medications, oral care, skin care and baby care products sold through retail channels worldwide, brands that in many cases have decades of consumer trust and shelf presence built up under Johnson & Johnson's ownership. As a newly independent public company, Kenvue no longer benefits from being part of a larger, more diversified healthcare conglomerate, making its results more directly tied to consumer health product trends and retail demand than they were as a division within J&J. The company's brands compete against both other branded consumer health products and increasingly against store-brand and private-label alternatives that retailers offer at lower price points.