secwatch.observer — SEC 8-K summary
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Issuer:     PERRIGO Co plc (PRGO)
CIK:        0001585364
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001585364-24-000135
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Perrigo Q3 adjusted EPS $0.81 (+27% YoY); revenue -3.2%; reaffirms FY outlook
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- Q3 adjusted EPS $0.81 (+26.6% YoY from $0.64); GAAP EPS ($0.13) vs $0.11 prior year.
- Net sales $1.1B, -3.2% YoY; organic net sales -2.4% due to lost distribution of lower-margin products.
- Adjusted operating margin 16.8% (+340bps YoY) driven by infant formula recovery, Project Energize.
- Infant formula net sales +3% YoY, +58% sequentially; store brand non-WIC powder share gains.
- Reaffirms FY2024 adjusted EPS outlook $2.50-$2.65; net sales expected towards lower end of prior range.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1585364/000158536424000135/0001585364-24-000135-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1585364/000158536424000135/prgo-20241106.htm
  HTML page:      https://secwatch.observer/filing/0001585364-24-000135

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