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.
Perrigo Company plc (NYSE: PRGO) is a pure-play self-care and consumer health company whose news flow is closely tied to its over-the-counter (OTC) product portfolio, category performance and strategic initiatives. The company regularly issues updates on its Consumer Self-Care Americas and Consumer Self-Care International segments, highlighting trends in categories such as Upper Respiratory, Pain & Sleep Aids, Digestive Health, Nutrition, Vitamins, Minerals and Supplements, Women’s Health, Skin Care, Oral Care and Healthy Lifestyle.
On this page, readers can follow Perrigo’s earnings announcements, where the company discusses net sales, organic growth, segment performance and the impact of divestitures and exited products. These releases often reference store brand market share gains in OTC categories, performance of key brands and progress under its Three-S plan (Stabilize, Streamline, Strengthen). Updates on Project Energize, the global investment and efficiency program designed to support the One Perrigo growth strategy, are also a recurring theme in recent communications.
Perrigo’s news also covers portfolio actions and strategic reviews. The company has disclosed an agreement to sell its Dermacosmetics branded business in certain European markets and has announced strategic reviews of its Oral Care and infant formula businesses. In addition, readers will find announcements related to dividends, participation in investor conferences and brand-level initiatives, such as collaborations involving Opill®, which Perrigo describes as the first daily birth control pill available without a prescription in the United States.
Investors, analysts and consumers can use this news feed to monitor how Perrigo is positioning its OTC and self-care portfolio, how its store brand and branded businesses are performing across regions and categories, and how management is adjusting the company’s structure and investments in response to market conditions.
Perrigo Company plc (NYSE; TASE: PRGO) has declared a quarterly dividend of $0.225 per share, set to be paid on December 15, 2020. Shareholders of record by November 27, 2020 will be eligible for this payment. Perrigo is recognized for providing Quality, Affordable Self-Care Products, leading in the OTC market with over 9,000 SKUs. Despite broader economic uncertainties due to COVID-19, the company maintains a strong position in the consumer health sector.
Perrigo Company plc (NYSE: PRGO) will release its third quarter financial results on November 4, 2020. A conference call is scheduled for 8:00 a.m. (EST) on the same day, allowing investors to engage and hear insights directly from the management. Perrigo is recognized as a leading provider of Quality, Affordable Self-Care Products and is the largest store brand OTC player in the U.S. The company also has a significant presence in Europe, ranking among the top five OTC companies by revenue.
Perrigo Company plc (NYSE; TASE: PRGO) announced a voluntary recall of albuterol sulfate inhalation aerosol due to clogging complaints. This follows the halting of production and distribution. The recall is part of corrective actions, but a timeline for reintroduction is not set. The company anticipates a charge of approximately $18 million to $22 million in Q3 2020 but maintains its fiscal year 2020 adjusted EPS guidance of $3.95 to $4.15, attributing stability to strong consumer demand in its self-care segments. Sales of the inhalation aerosol ceased in late August 2020.
Perrigo's Steripod brand highlights the importance of maintaining oral health as schools reopen amid COVID-19. They advocate for regular toothbrush replacement every 90 days, as recommended by the ADA, to combat airborne illnesses. Greg McCormick, Senior VP of Global Innovation and Technology, emphasizes the need for protecting toothbrushes from contaminants. Key tips include replacing brushes during illness and using Steripod protectors. Perrigo's dedication to quality self-care products is underscored, with a focus on empowering consumers to manage their health proactively.
Perrigo Company plc (NYSE: PRGO) announced the launch of its store brand equivalent of Voltaren Arthritis Pain, now available nationwide in the U.S. This topical gel, containing diclofenac sodium 1%, is the first store brand ANDA approved by the FDA for OTC use. Previously, generic prescription sales of Voltaren exceeded $250 million annually. The launch highlights Perrigo's OTC self-care platform, aimed at providing high-quality alternatives in self-care categories.
Perrigo Company (NYSE; TASE: PRGO) announced its participation in the Barclay's Global Consumer Staples Conference on September 9, 2020, with CEO Murray S. Kessler and CFO Ray Silcock hosting virtual one-on-one meetings.
Additionally, Kessler is set to present at the 18th Annual Morgan Stanley Global Healthcare Conference on September 17, 2020, at 8:45 am EST. The presentation will be accessible via a webcast on Perrigo's investor relations site.
Perrigo Company plc (NYSE: PRGO) has announced the acquisition of three OTC skincare and hair loss treatment brands—Emolium®, Iwostin®, and Loxon®—from Sanofi for approximately €21 million ($23 million). This strategic move aims to enhance Perrigo's self-care portfolio and strengthen its presence in the Eastern European market. The transaction, expected to close in Q4 2020, aligns with Perrigo's growth strategy focused on margin enhancement and market expansion. CEO Murray S. Kessler emphasized this acquisition will deliver shareholder value and bolster their product offerings.
Perrigo Company plc (PRGO) reported a strong performance in Q2 2020, with consolidated net sales of $1.2 billion, up 6.1% year-over-year. Adjusted diluted EPS rose 19.8% to $1.03. The company reaffirmed its fiscal 2020 outlook, projecting net sales growth of 6% to 7% and adjusted EPS between $3.95 and $4.15, despite challenges from COVID-19 costs. Consumer Self-Care Americas net sales increased 7.8% to $628 million, driven by e-commerce growth and strong demand for essential products.
Perrigo Company plc (NYSE; TASE: PRGO) has declared a quarterly dividend of $0.225 per share, with payment scheduled for September 15, 2020. Shareholders on record as of August 28, 2020 will receive this dividend.
The company aims to enhance individual well-being by providing Quality, Affordable Self-Care Products that consumers trust. This announcement reflects Perrigo's commitment to returning value to its shareholders.
Perrigo Company plc (NYSE; TASE: PRGO) will announce its second quarter financial results on August 5, 2020, with a conference call scheduled for 9:00 a.m. (EDT). Interested investors can access the call via webcast on Perrigo's investor relations website or by phone. A replay will be available from 12:00 p.m. (EDT) on the same day until midnight on August 12, 2020. The company focuses on providing affordable self-care products, enhancing the well-being of consumers, and is dedicated to transparency regarding future financial performance and associated risks.