Loading...
•
Mar 28, 2020
Perrigo Q1 2020 Earnings Report
Perrigo reported strong growth across all business segments due to COVID-19 pandemic.
Key Takeaways
Perrigo Company plc reported a strong first quarter in 2020, with net sales of $1.3 billion, a 14.2% increase compared to the prior year quarter. The company's performance was positively impacted by a surge in demand for certain products due to consumer and customer behavior surrounding the COVID-19 pandemic, which added an estimated $90 million to $110 million in net sales.
Consolidated first quarter net sales were $1.3 billion, an increase of 14.2% compared to the prior year quarter.
Worldwide Consumer first quarter net sales increased 16.2% compared to the prior year quarter.
Consumer Self-Care Americas (“CSCA”) achieved record first quarter net sales of $701 million, or growth of 20.4% versus the prior year quarter.
Reported diluted EPS for the first quarter of 2020 was $0.77 per diluted share as compared to EPS of $0.47 in the prior year quarter.
Revenue by Segment
Forward Guidance
Due to the volatility and uncertainty associated with the COVID-19 pandemic, the Company is not providing updated fiscal 2020 guidance at this time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...