secwatch.observer — SEC 8-K summary
======================================

Issuer:     PERRIGO Co plc (PRGO)
CIK:        0001585364
Form:       8-K
Filed at:   2024-08-02T23:59:59+00:00
Accession:  0001585364-24-000111
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Perrigo Q2 net sales down 10.7% to $1.07B; adjusted EPS $0.53 vs $0.63; lowers FY sales outlook
--------------------------------------------------------------------------------

- Q2 net sales $1.07B, down 10.7% YoY; organic sales down 9.1% due to infant formula actions and lower seasonal demand.
- GAAP operating loss $27M vs income $57M; adjusted operating income $139M up 1.5%.
- Adjusted diluted EPS $0.53 vs $0.63; impacted by $0.09 discrete tax benefit in prior year and -$0.14 from infant formula.
- FY24 organic net sales growth outlook lowered to -3% to -1% from +1% to +3%; total sales growth -5% to -3%.
- FY24 adjusted diluted EPS reaffirmed $2.50-$2.65; Project Energize on track with $53M YTD savings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1585364/000158536424000111/0001585364-24-000111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1585364/000158536424000111/prgo-20240802.htm
  HTML page:      https://secwatch.observer/filing/0001585364-24-000111

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer