It has been about a month since the last earnings report for Perrigo (PRGO) . Shares have lost about 15.1% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Perrigo due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Q1 Earnings Top, Sales Lag EstimatesPerrigo reporte ...

DUBLIN, May 28, 2024 /PRNewswire/ -- Perrigo Company plc (NYSE: PRGO), a leading provider of Consumer Self-Care Products, today announced that President and CEO Patrick Lockwood-Taylor and CFO Eduardo Bezerra are scheduled to present at the Oppenheimer 24th Annual Consumer Growth & E-Commerce Conference, being conducted virtually on Tuesday, June 11th at 1:30 PM EDT. Interested parties can access the webcast on the Perrigo website at http://perrigo.investorroom.com/events-webcasts.About Perrigo Perrigo Comp ...

Have you evaluated the performance of Perrigo's (PRGO) international operations during the quarter that concluded in March 2024? Considering the extensive worldwide presence of this drug company, analyzing the patterns in international revenues is crucial for understanding its financial resilience and potential for growth.In the current era of a tightly interconnected global economy, the proficiency of a company to penetrate international markets significantly influences its financial health and trajectory ...

财务数据和关键指标变化 - 第一季度净销售额下降超过8%,有机净销售额下降7%,其中婴儿配方奶粉影响-4.3个百分点,SKU优化措施影响-3.6个百分点,其余业务增长1个百分点 [11] - 第一季度毛利率下降90个基点至36.5%,其中婴儿配方奶粉影响-280个基点,SKU优化措施影响+50个基点,其余业务影响+140个基点 [12] - 第一季度每股收益下降$0.16至$0.29,其中婴儿配方奶粉影响-$0.30,SKU优化措施影响-$0.06,其余业务增长$0.20 [12] 各条业务线数据和关键指标变化 - CSCI业务有机净销售增长7%,毛利率受到供应链限制和欧洲季节性因素影响,但营业利润率提升290个基点至19.7% [29] - CSCA业务受婴儿配方奶粉和SKU优化措施影响,净销售额下降15.7%,有机净销售额下降14.6%,其余业务有机净销售额下降2.3% [30] 各个市场数据和关键指标变化 - 美国市场零售库存去库存导致出货量下降,但消费者需求保持健康增长1.9% [9][14] - 欧洲市场上呼吸道类别受季节性因素影响,但护肤品类如Compeed和Mederma表现强劲 [52][53] - 维生素类别在美国和国际市场均有所下滑,但整体消费水平仍高于疫情前 [54][55] 公司战略和发展方向及行业竞争 - 公司正在执行"One Perrigo"战略,聚焦核心自我护理品类,提升创新能力和盈利能力 [20][21] - 婴儿配方奶粉业务正在进行质量和运营改善,预计下半年产能和市场份额将逐步恢复 [16][17] - Opill口服避孕药在美国上市,开创全新OTC品类,反响热烈,未来有望成为公司重要增长引擎 [18][19] - 公司将进一步聚焦高增长潜力品类,精简和优化产品组合,提升整体盈利能力和现金流 [20][21][72] 管理层对经营环境和未来前景的评论 - 管理层认为消费者对价格敏感度上升,零售商更加谨慎管理库存,但公司的自有品牌业务有望从中受益 [76][77] - 公司有信心通过改善婴儿配方奶粉业务、推动Opill等新品以及成本优化措施,实现2024年的财务目标 [24][35][37] - 管理层对公司长期发展前景保持乐观,未来将进一步聚焦高增长潜力品类,提升创新能力和盈利水平 [20][21][72] 问答环节重要的提问和回答 问题1 **Susan Anderson 提问** 对于婴儿配方奶粉业务,公司是否有信心已经解决了主要问题,未来产能恢复的时间表如何?[42][43] **Patrick Lockwood-Taylor 和 Eduardo Bezerra 回答** 公司已经在三个工厂完成了质量和运营改善,产能恢复进度略超预期,但仍需要持续学习和优化,确保质量合规。预计到第四季度可以达到之前的盈利水平[44][45][69][70] 问题2 **Chris Schott 提问** 公司未来是否会进一步优化和精简产品组合,聚焦更有吸引力的增长品类?[72] **Patrick Lockwood-Taylor 回答** 公司正在完成对产品组合的深入分析,未来将进一步聚焦高增长潜力、高毛利的品类和品牌,提升整体增长质量和盈利能力[72] 问题3 **Daniel Biolsi 提问** 第二季度婴儿配方奶粉业务的毛利率影响会如何?[79][80] **Eduardo Bezerra 回答** 第二季度毛利率将大幅改善,不会再有第一季度的一次性不利影响,但产量仍低于去年同期[80]

Perrigo Company plc (PRGO) reported adjusted earnings of 29 cents per share in the first quarter of 2024, beating the Zacks Consensus Estimate of 24 cents. Earnings were down 35.6% year over year, primarily due to a negative financial impact of 30 cents per share from infant formula.Net sales declined 8.4% year over year to $1.08 billion, missing the Zacks Consensus Estimate of $1.09 billion. The downside was due to lower net sales in infant formula and the negative impact of purposeful SKU prioritization a ...

Perrigo (PRGO) reported $1.08 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 8.4%. EPS of $0.29 for the same period compares to $0.45 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.09 billion, representing a surprise of -0.91%. The company delivered an EPS surprise of +20.83%, with the consensus EPS estimate being $0.24.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ex ...

EXHIBIT 99.1 Perrigo Reports First Quarter 2024 Financial Results From Continuing Operations Delivered Adjusted Diluted Earnings Per Share Results Above Projection, Due Primarily to Timing of Infant Formula Shipments; Reaffirm 2024 Financial Outlook Advanced Augmenting and Strengthening of Infant Formula Facilities, Recovery of Manufacturing Volumes Underway Progressed Blueprint to Build One Perrigo; On Target to Deliver Project Energize Goals; Announced Today in a Separate Press Release the Executive Trans ...

Delivered Adjusted Diluted Earnings Per Share Results Above Projection, Due Primarily to Timing of Infant Formula Shipments; Reaffirm 2024 Financial Outlook Advanced Augmenting and Strengthening of Infant Formula Facilities, Recovery of Manufacturing Volumes Underway Progressed Blueprint to Build One Perrigo; On Target to Deliver Project Energize Goals; Announced Today in a Separate Press Release the Executive Transition for the Consumer Self-Care International Business Recently Announced Plan to Divest HR ...

Svend Andersen, EVP and President Consumer Self-Care International (CSCI), to Retire Roberto Khoury, a Global Branded Consumer Health Veteran, Appointed to Lead the Business DUBLIN, May 7, 2024 /PRNewswire/ -- Perrigo Company plc (NYSE: PRGO), a leading provider of Consumer Self-Care Products, today announced that Svend Andersen, Executive Vice President and President, Consumer Self-Care International (CSCI), intends to retire from the Company in December of this year. Roberto Khoury, a consumer self-care v ...

The upcoming report from Perrigo (PRGO) is expected to reveal quarterly earnings of $0.24 per share, indicating a decline of 46.7% compared to the year-ago period. Analysts forecast revenues of $1.09 billion, representing a decrease of 7.6% year over year.The current level reflects an upward revision of 0.6% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Prior ...