On a preliminary basis, Perrigo (NYSE:PRGO) expects Q1 revenue of ~$1.3B, up 14% from a year ago and in line with consensus.
Reported operating income should be $140M – 145M
(versus $102M a year ago) while non-GAAP operating income should be
$220M – 225M (versus $203M a year ago).
The company experienced a dramatic surge in demand in March due to COVID-19 that the company was largely able to meet.
Global consumer sales were ~$1.1B, up 16%.
Management will release final Q1 results during the last week of the month.
Shares up 4% after hours.
https://seekingalpha.com/news/3559168-covidminus-19-demand-stoked-q1-growth-for-perrigo
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