logo
  

Perrigo Reaffirms FY21 Outlook - Quick Facts

While reporting financial results for the second quarter on Wednesday, Perrigo Company plc (PRGO) reaffirmed its adjusted earnings and organic net sales growth guidance for the full-year 2021.

For fiscal 2021, the company continues to project adjusted earnings from continuing operations in a range of $2.50 to $2.70 per share on organic net sales growth of 3 percent.

However, it now expects adjusted earnings towards the lower end of the guidance range as productivity improvements and Project Momentum cost savings are only expected to partially offset higher input costs, which is now seen continuing into early next year.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $2.59 per share on net sales decline of 16.7 percent to $4.22 billion for the year. Analysts' estimates usually exclude special items.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Royal Caribbean Group's ultra-luxury brand Silversea Cruises is set to launch the world's first hybrid-powered cruise ship in the summer of 2023. This will also be the first ship with large-scale fuel cell technology to enable emission-free port operations. The fuel cells will provide 100% of power while at port. Affco USA is recalling around 24,461 pounds of frozen raw lamb shoulder products that were not presented for import re-inspection into the U.S., the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS announced. The recall involves the frozen raw lamb shoulder items that were imported on July 12, 2021. American Express Company (AXP) reported an increase in profit for the third quarter that also topped Wall Street estimates. Consolidated total revenues net of interest expense rose 25 percent year-on-year, primarily reflecting growth in Card Member spending, as well as a rise in the average discount...
Follow RTT