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Johnson & Johnson Suspends Covid Vaccine Sales Guidance

April 19, 2022

Johnson & Johnson JNJ +3.04% suspended full-year guidance for sales of its Covid-19 vaccine, citing a global surplus of doses and uncertainty over how the course of the pandemic will affect demand.

The healthcare-products company said Tuesday that Covid-19 shots helped left overall sales in its most recent quarter. Johnson & Johnson sold $457 million of the vaccine in its most recent quarter, with international buyers accounting for most of those sales. In the same period a year earlier, shortly after the shot had been authorized in the U.S., the company’s Covid-19 vaccine sales were $100 million, exclusively in the U.S. In the previous quarter, the company’s global Covid-19 vaccine sales came in at $1.62 billion.

Read More on The Wall Street Journal