Welcome to our dedicated page for Perrigo Co Plc news (Ticker: PRGO), a resource for investors and traders seeking the latest updates and insights on Perrigo Co Plc stock.
Overview
Perrigo Company Plc (PRGO) is a foremost global provider of over-the-counter consumer self-care products and affordable health solutions. With roots dating back to 1887, the company has evolved from packaging generic home remedies to a focused, pure-play consumer self-care business, specializing in a wide range of products from infant formulas to branded over-the-counter healthcare solutions.
Core Business and Product Portfolio
Perrigo operates across a spectrum of product categories that include store brand offerings and nationally recognized branded products. Its portfolio covers key segments such as infant formula for store brands, branded OTC products, and innovative health solutions like its pioneering over-the-counter daily birth control pill. With a robust blend of store brand and national brands, Perrigo’s business model is anchored on providing quality, accessible healthcare options that empower individuals to manage minor health conditions effectively.
Market Position and Global Presence
Positioned as one of the largest consumer health companies, Perrigo’s operations extend primarily across North America, Europe, Australia, and strategic markets in Asia and the Middle East. Its extensive distribution network includes major retailers such as Walmart, Amazon, Costco, and CVS, underscoring a resilient and expansive market reach. The company’s commitment to 'quality affordable healthcare products' is reflected in its tailored approach to meet diverse consumer needs, offering products that blend trusted efficacy with competitive pricing.
Business Model and Strategic Initiatives
Perrigo’s revenue is driven by a well-diversified product mix that leverages both private-label and branded offerings. Its transformation into a pure-play consumer self-care company was achieved through strategic divestments in areas such as animal health and generic pharmaceuticals, allowing a sharper focus on consumer self-care. The integrated business model maximizes profitability by reinvesting savings through operational efficiency programs and strengthening high-growth segments. Initiatives aimed at innovation and operational streamlining, such as the globally recognized Project Energize, underscore its commitment to maintaining competitive cost structures and enhancing product margins.
Innovation and Consumer-Focused Strategy
Innovation remains a cornerstone of Perrigo’s strategy. The company continuously invests in new product launches and refinements that align with evolving consumer needs and regulatory changes. Its recent advancements in the reproductive health space—exemplified by partnerships that enhance health education and access—demonstrate a commitment to addressing critical areas of consumer well-being. Such initiatives not only reinforce brand strength but also contribute to market differentiation within the competitive landscape of OTC health and wellness solutions.
Industry Expertise and Differentiation
Perrigo’s long-established presence and expertise in the consumer health arena are backed by decades of operational excellence and strategic leadership. The company’s ability to consistently deliver high-quality, affordable products positions it uniquely among its peers. Detailed management succession plans and operational transitions further exemplify its robust internal expertise and focus on sustaining long-term value creation. By harnessing a blended-branded approach, Perrigo successfully addresses various consumer demographics, ensuring accessibility to essential health products across multiple price points.
Conclusion
Overall, Perrigo Company Plc remains an influential force in the global consumer self-care market. Its commitment to quality, affordability, and continuous innovation serves as a testament to its proven business model. For investors and market analysts alike, Perrigo offers a comprehensive case study in achieving market resilience and operational excellence in a rapidly evolving healthcare landscape.
Perrigo Company plc (NYSE: PRGO) has finalized the sale of its over-the-counter (OTC) businesses in Mexico and Brazil to Advent International. This move is part of Perrigo's margin improvement program and Project Momentum initiative. The divestiture, which generated $98 million in net sales in 2021, is expected to have a minimal impact on adjusted diluted earnings per share for 2022. Perrigo aims to strengthen its consumer self-care strategy and improve operational efficiencies through this transaction.
Perrigo Company reported a 4.9% increase in fourth quarter net sales to $1.1 billion, with 5.7% growth excluding currency effects, driven by rising demand for cough/cold products. Fiscal year 2021 net sales totaled $4.1 billion, a 1.2% rise, impacted by a 0.3% decline from currency. Fourth quarter GAAP diluted EPS was $0.24, reversing a loss of $0.39 from last year. The company achieved major strategic goals, including divesting its generic RX segment, acquiring HRA Pharma, and settling its Irish tax issues, positioning for future growth despite challenges from COVID-19 and supply chain disruptions.
Perrigo Company plc (NYSE: PRGO) announced that CEO Murray S. Kessler and CFO Ray Silcock will present at the Raymond James 43rd Annual Institutional Investors Conference at 11:00 AM EST on March 8 in Orlando, Florida. Kessler will also present at the UBS Global Consumer and Retail Conference at 1:00 PM EST on March 9 in Boston, Massachusetts. Webcasts of both presentations will be available on Perrigo's website. Perrigo is a leading provider of self-care products, being the largest store brand OTC player in the U.S.
Perrigo Company plc (NYSE: PRGO) announced a 7% increase in its quarterly dividend to $0.26 per share, up from $0.24 per share. This marks the 19th consecutive year of dividend increases. The cash dividend is payable on March 17, 2022 to shareholders of record by February 28, 2022, totaling $1.04 annually. Perrigo, a leader in Quality, Affordable Self-Care Products, remains committed to enhancing consumer well-being through its extensive range of over-the-counter health solutions.
Perrigo Company plc (NYSE; TASE: PRGO) is set to release its fourth quarter and fiscal year 2021 financial results on March 1, 2022, at 8:30 A.M. (EST). A conference call will follow, accessible via webcast on the Perrigo investor relations website. The company is known for its wide range of OTC health and wellness solutions, leading as a store brand OTC player in the U.S. and a top contender in Europe with over 200 branded products across 28 countries. Investors should stay tuned for updates reflecting the company's financial performance and strategic direction.
Perrigo Company plc (NYSE: PRGO) has partnered with Premise Health to enhance its occupational health program by introducing virtual health services for employees outside Michigan. This initiative, launching this month, aims to provide 24/7 access to essential occupational health care via Premise's Digital Wellness Center. Key services include injury evaluation, treatment, and return-to-work strategies. This expansion promotes employee health and aims to increase productivity while reducing healthcare costs.
Perrigo Company plc (NYSE; TASE: PRGO) announced that President and CEO, Murray S. Kessler, will present at the 40th Annual J.P. Morgan Healthcare Conference on January 12, 2022, at 3:45 PM (EST). The virtual presentation can be accessed on the company's website. Perrigo leads in providing quality self-care products and OTC health solutions, holding over 9,000 SKUs under customer brands in the U.S. and being a top OTC company in Europe. More details are available on their website at www.perrigo.com.
Perrigo Company plc (NYSE; TASE: PRGO) announced its voluntary delisting from the Tel Aviv Stock Exchange (TASE) on November 22, 2021, following the divestiture of its Israeli-based operations. The delisting is expected to take effect three months post-request, with shares transitioning to the New York Stock Exchange (NYSE). CEO Murray S. Kessler highlighted this decision as part of Perrigo's significant transformation over the past three years. The company remains committed to its self-care strategy, being a major player in over-the-counter health products.
Perrigo Company plc (NYSE: PRGO) reported its third quarter fiscal 2021 results, revealing net sales of $1.04 billion, a 4.0% increase year-over-year. Organic growth was 2.6% despite challenges including a 5.7 percentage point hit from supply chain disruptions. Adjusted diluted EPS decreased 25.0% to $0.45. The company sees potential in the rebound of its cough/cold business and anticipates adjusted diluted EPS of $2.00 to $2.10 for 2021. Key developments include the completion of the RX business divestiture and acquisition of HRA Pharma.
Perrigo Company plc (NYSE: PRGO) announced that Rolf A. Classon will not seek re-election as Chairman at the annual meeting in May 2022. Orlando D. Ashford, who joined the board in December 2020, is expected to succeed him. Classon, who has served as Chairman since 2018, expressed optimism for Perrigo's future during his tenure, which has seen a transformation into a consumer self-care company. CEO Murray Kessler praised Classon's leadership, while emphasizing Ashford's relevant experience as a benefit for the company moving forward.
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