secwatch.observer — SEC 8-K summary
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Issuer:     PERRIGO Co plc (PRGO)
CIK:        0001585364
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001585364-23-000120
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Perrigo Q2 adjusted EPS $0.63 beats $0.43 prior year; margins expand 220bps; FY outlook reaffirmed
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- Q2 net sales $1.2B, +6.4% reported; organic growth 0.8% as SKU prioritization (-2.7pp) and weaker allergy season offset pricing.
- Adjusted diluted EPS $0.63 (+46.5% YoY); includes $0.08 discrete tax benefit and $0.05 HRA transition returns headwind.
- Adjusted gross margin 38.7% (+220bps YoY, +120bps QoQ); operating income $57M GAAP vs $(7M) prior year.
- CSCA organic sales -2.7% (SKU cuts -4.1pp, allergy -1.8pp); CSCI organic +7.1% on pricing and HRA.
- FY2023 outlook reaffirmed: organic sales growth 3-6%, adjusted EPS $2.50-$2.70; Opill pre-launch investments included.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1585364/000158536423000120/0001585364-23-000120-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1585364/000158536423000120/prgo-20230808.htm
  HTML page:      https://secwatch.observer/filing/0001585364-23-000120

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