earnings
confidence high
sentiment negative
materiality 0.85
Henry Schein Q2 GAAP EPS $0.80 vs $1.06 YoY; lowers FY24 guidance, announces restructuring
HENRY SCHEIN INC
2024-Q2 EPS reported
$1.52
revenue$6,308,000,000
- Q2 total sales $3.1B (+1.1% YoY); internal sales down 2.4%.
- GAAP diluted EPS $0.80; non-GAAP diluted EPS $1.23 vs $1.31 prior year.
- FY24 non-GAAP EPS guidance cut to $4.70–$4.82 from $5.00–$5.16; sales growth lowered to ~4-6% from 8-10%.
- New restructuring plan targets $75M–$100M annual run-rate savings.
- Board authorized additional $500M share repurchase program.