secwatch.observer — SEC 8-K summary
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Issuer:     PERRIGO Co plc (PRGO)
CIK:        0001585364
Form:       8-K/A
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001585364-24-000138
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 (+26.6% YoY); net sales -3.2% to $1.09B
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- Adjusted EPS $0.81 vs $0.64 prior year; GAAP EPS loss $(0.13).
- Net sales $1.088B, down 3.2% YoY; organic net sales -2.4% due to lost distribution of lower-margin products.
- Adjusted gross margin 41.0% (+160bps), adjusted operating margin 16.8% (+340bps); margin expansion driven by infant formula recovery and Project Energize.
- Infant formula net sales +3% YoY and +58% sequentially; Perrigo-produced store brand share gains +40bps.
- FY2024 adjusted EPS guidance reaffirmed at $2.50-$2.65; redeemed $700M 4.375% senior notes due 2026 after quarter end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1585364/000158536424000138/0001585364-24-000138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1585364/000158536424000138/prgo-20241106.htm
  HTML page:      https://secwatch.observer/filing/0001585364-24-000138

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