Henry Schein posts record Q2 sales $3.0B, EPS $1.16; lowers full-year sales guidance

HENRY SCHEIN INC

2022-Q2 EPS reported $2.46 revenue$6,209,000,000

Q2 net sales $3.0B (+2.1% YoY); internal sales ex-PPE/COVID up 6.7% in local currencies.
GAAP diluted EPS $1.16 vs $1.10 YoY; non-GAAP EPS $1.11 in Q2 2021.
Affirms FY2022 GAAP EPS guidance $4.75-$4.91; cuts sales growth guidance to 3%-6% from 5%-8% due to FX and lower COVID test kits.
Announces restructuring plan to streamline operations; charges expected in 2022-2023, amount not yet determined.
Repurchased 1.3M shares for $110M in Q2 at avg price $81.42/share.

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