Are JNJ's cost-cutting measures reflected in recent gross margins?

**Johnson & Johnson's (JNJ) gross margins have not been directly influenced by its cost-cutting measures in the recent past**, based on the available data. The gross margin for JNJ in 2023 was 68.82%, and it increased to 69.07% in 2024. This indicates a positive trend in profitability, but it does not necessarily reflect specific cost-cutting measures.

|code|Ticker|Name|Date|Gross Profit Margin|Gross Profit Margin YoY|market_code|
|---|---|---|---|---|---|---|
|JNJ|JNJ.N|Johnson & Johnson|2023 Q1|66.0753|-2.2062871858627178|169|
|JNJ|JNJ.N|Johnson & Johnson|2023 Q2|66.9683|-0.48621378844054175|169|
|JNJ|JNJ.N|Johnson & Johnson|2023 Q3|69.0186|2.616765737020998|169|
|JNJ|JNJ.N|Johnson & Johnson|2023 Q4|68.8195|2.3260689523917235|169|
|JNJ|JNJ.N|Johnson & Johnson|2024 Q1|69.5506|5.259605329071536|169|
|JNJ|JNJ.N|Johnson & Johnson|2024 Q2|69.473|3.7401277918059734|169|
|JNJ|JNJ.N|Johnson & Johnson|2024 Q3|69.3172|0.4326369993016278|169|
|JNJ|JNJ.N|Johnson & Johnson|2024 Q4|69.0715|0.3661752846213578|169|

However, the company's strategic moves, such as the announced investments and the breakdown of new facilities, suggest a forward-looking approach to cost management and operational efficiency rather than direct cost-cutting measures. These investments could potentially lead to cost savings and improved gross margins in the future by optimizing production, reducing logistics costs, and enhancing operational efficiency.

In conclusion, while JNJ's recent gross margins do not reflect its cost-cutting measures, the company's strategic investments and facility expansions are likely to impact costs and gross margins in the coming years.