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Perrigo Co Plc - PRGO STOCK NEWS

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.

Rhea-AI Summary

Perrigo Company plc (NYSE: PRGO), a leading provider of Consumer Self-Care Products, has announced its participation in the Canaccord Genuity 44th Annual Growth Conference. President and CEO Patrick Lockwood-Taylor and CFO Eduardo Bezerra are scheduled to present on Wednesday, August 14 at 3:30 PM EDT.

Interested parties can access the webcast on the Perrigo website at http://perrigo.investorroom.com/events-webcasts. Perrigo is known for offering over-the-counter (OTC) health and wellness solutions that empower consumers to proactively prevent or treat self-manageable conditions, enhancing individual well-being.

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Perrigo Company plc (NYSE: PRGO), a leading provider of Consumer Self-Care Products, has announced its plan to release second quarter 2024 financial results on Friday, August 2, 2024. The company will host a conference call at 8:30 A.M. (EST) on the same day. Interested parties can access the earnings conference call via webcast on Perrigo's investor relations website or by phone. A taped replay of the call will be available from approximately 12:00 P.M. (EST) on August 2 until midnight on August 9, 2024.

Perrigo specializes in over-the-counter (OTC) health and wellness solutions, focusing on empowering consumers to proactively prevent or treat self-manageable conditions.

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Perrigo Company plc (NYSE PRGO), a leader in Consumer Self-Care Products, has finalized the sale of its HRA Pharma Rare Diseases business to Esteve Healthcare for a total of up to €275 million. The deal includes an upfront cash payment of €190 million with adjustments, and potential earnout payments of up to €85 million based on sales milestones. Proceeds are expected to be used for debt repayment. In 2023, the divested business generated €50 million in net sales and €20 million in adjusted EBITDA. This transaction was anticipated in Perrigo's 2024 financial outlook.

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Perrigo Company (NYSE: PRGO), a leader in Consumer Self-Care Products, announced that its President and CEO, Patrick Lockwood-Taylor, along with CFO Eduardo Bezerra, will present at the Oppenheimer 24th Annual Consumer Growth & E-Commerce Conference. The event is scheduled to be held virtually on June 11, 2024, at 1:30 PM EDT. The presentation will be accessible via a webcast on Perrigo's investor relations webpage.

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Perrigo reported first quarter 2024 financial results with adjusted diluted earnings per share above projections due to infant formula shipments. The company reaffirmed its 2024 financial outlook and highlighted progress in building One Perrigo. However, first quarter net sales declined 8.4%, with organic net sales decreasing 7.0%, primarily from lower infant formula sales and SKU prioritization actions. Gross margin declined, and adjusted EPS decreased by 35.6%. The company launched Opill®, the first over-the-counter birth control pill in the US. Perrigo also announced the divestment of its HRA Rare Diseases Business. Project Energize aims to drive growth and efficiency, expecting $140-$170 million in annual savings by 2026. An executive transition was announced for the Consumer Self-Care International Business. Cash equivalents were $659 million, and the company maintained its fiscal year 2024 outlook.

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Perrigo Company plc announced an executive transition within its Consumer Self-Care International (CSCI) Business. Svend Andersen, EVP and President of CSCI, will retire in December, with Roberto Khoury taking over. Khoury, a seasoned consumer health professional, will bring his vast experience to lead the CSCI segment. Andersen will work alongside Khoury until August for a smooth handover. Khoury's background includes leadership roles at Kenvue and L'Oréal, emphasizing his expertise in the consumer products industry.

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Perrigo Company plc (NYSE: PRGO) declared a quarterly dividend of $0.276 per share, payable on June 18, 2024, to shareholders of record on May 31, 2024. Perrigo is a global provider of Consumer Self-Care Products and OTC health solutions.

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Perrigo receives a binding offer to divest its HRA Pharma Rare Diseases business for up to €275 million, with a total purchase consideration of €190 million in cash upfront and up to €85 million in potential earnouts. The divestment supports Perrigo's strategic focus on consumer self-care. The transaction is expected to close in the third quarter of 2024, subject to regulatory approvals.
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Perrigo Company plc (NYSE: PRGO) announced the release of its first quarter 2024 financial results on May 7, 2024. The company, a leading provider of Consumer Self-Care Products, will host a conference call at 8:30 A.M. (EDT) accessible via webcast or phone. A replay will be available until May 15, 2024.
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Perrigo Company plc partners with WNBA to promote reproductive health through Opill®, the first daily birth control pill available without a prescription in the U.S., aiming to redefine contraception accessibility and empower women.
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FAQ

What is the current stock price of Perrigo Co Plc (PRGO)?

The current stock price of Perrigo Co Plc (PRGO) is $28.04 as of March 31, 2025.

What is the market cap of Perrigo Co Plc (PRGO)?

The market cap of Perrigo Co Plc (PRGO) is approximately 3.8B.

What products does Perrigo offer?

Perrigo offers a diverse range of over-the-counter self-care products including infant formulas, branded healthcare items, and store-brand OTC products designed to address everyday health needs.

How has Perrigo evolved over the years?

Founded in 1887 as a provider of generic home remedies, Perrigo has transformed into a specialized consumer self-care company focusing on high-quality, affordable OTC health solutions.

What is Perrigo's core business model?

Perrigo’s business model centers on a blend of private-label and national brand products, leveraging operational efficiencies and strategic divestments to concentrate on consumer self-care and OTC health solutions.

Which markets are key to Perrigo's global presence?

Perrigo primarily operates in North America, Europe, and Australia, with additional strategic markets in Asia and other regions, supported by a robust distribution network with major retailers.

How does Perrigo differentiate itself from competitors?

The company differentiates itself through its long-standing focus on affordability, high-quality products, and continuous innovation, coupled with operational efficiency programs and a diversified product mix.

What recent innovations has Perrigo introduced?

Recent innovations include breakthrough products such as the first over-the-counter daily birth control pill, which reflect Perrigo’s commitment to consumer health education and accessibility.

How does Perrigo maintain its commitment to affordable healthcare?

Perrigo reinforces affordability by streamlining its operations, focusing on high-volume store-brand products, and reinvesting cost-saving initiatives into developing and enhancing consumer self-care solutions.

What strategic initiatives support Perrigo's business transformation?

Key initiatives such as Project Energize are instrumental in driving operational efficiencies and margin expansion, supporting the company’s strategic transformation into a pure-play consumer self-care leader.
Perrigo Co Plc

NYSE:PRGO

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PRGO Stock Data

3.81B
135.94M
0.34%
101.68%
3.35%
Drug Manufacturers - Specialty & Generic
Pharmaceutical Preparations
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Ireland
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