WASHINGTON (dpa-AFX) - Perrigo Company plc (PRGO) reaffirmed its fiscal 2024
organic net sales and total net sales growth outlook of 1.0%-3.0% and flat,
respectively, versus the prior year. The company reaffirmed fiscal 2024 adjusted
EPS range outlook of $2.50-$2.65. Analysts polled by Thomson Reuters expect the
company to report profit per share of $2.35. Analysts' estimates typically
exclude special items.

First quarter income from continuing operations was $4.1 million compared to a
loss of $1.1 million, last year. Reported profit per share from continuing
operations was $0.03, compared to a loss of $0.01. Adjusted EPS was $0.29,
compared to $0.45 in the prior year quarter, a decline of 35.6%, due primarily
to a $0.30 impact from infant formula. On average, three analysts polled by
Thomson Reuters expected the company to report profit per share of $0.23, for
the quarter.

First quarter net sales were $1.1 billion declined 8.4% versus the prior year
quarter. First quarter organic net sales decreased 7.0%, for the quarter.
Analysts on average had estimated $1.09 billion in revenue.

Perrigo announced that Svend Andersen, Executive Vice President and President,
CSCI, intends to retire from the company in December. Roberto Khoury will be
appointed to lead the business. Andersen will continue to lead CSCI, working
closely with Khoury, until August 1, 2024, at which point Khoury will assume the
role of Executive Vice President and President of CSCI.

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