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Perrigo Company Reaffirms Fiscal 2024 Adjusted Diluted EPS Outlook Of $2.50-$2.65 Vs. $2.25 Estimate

Author: Benzinga Newsdesk | August 02, 2024 06:39am

Fiscal Year 2024 Outlook:

Company updates its fiscal 2024 organic net sales growth outlook versus the prior year to -3% to -1%, from +1% to +3%, and total net sales growth outlook to -5% to -3% from flat, due primarily to lower seasonal demand experienced in the first half of 2024 and expected lower distribution in U.S. store brand in the second half of 2024.
The Company reaffirms its fiscal 2024 adjusted diluted EPS outlook of $2.50-$2.65, as increased profitability from faster than anticipated recovery in the infant formula business, improved product mix and lower selling expenses are expected to be offset by flow-through from the updated net sales outlook.

Posted In: PRGO