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  "documentTitle": "Starboard Value | Activist Presentation Deck | 71 slides",
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  "notes": "The chart uses a dashed line to indicate the peer median of 10%.",
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      "text": "Private label has lower share in Kenvue’s categories relative to peers",
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      "text": "Private Label Market Share by Company",
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      "text": "Kenvue is better suited to handle private label threat than its average peer.",
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      "text": "Source: Wall Street research. Starboard has identified PG, CL, HLN, CLX, CHD, and KMB as the relevant peer set for comparison with KVUE.",
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      "text": "Kenvue’s Categories Are Also More Defensible Than Peers With Less Threat From Private Label Alternatives",
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