Perrigo Co PLC
PRGO: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| HJ | LOCK|&! | LOCK|Nhq?<%m |
Perrigo Earnings: Guidance Cut and Infant Formula Review Weigh on Shares
Perrigo reported third-quarter net sales down 4.1% year over year, driven by weak organic sales growth and the impact of divestitures and exited product line. Shares declined over 20% as management lowered its full-year outlook and announced a strategic review of the infant formula business.
