Perrigo reports Q2 adjusted EPS 57c, consensus 59c

Reports Q2 revenue $1.06B, consensus $1.08B. President and CEO Patrick Lockwood-Taylor commented, “Our second quarter results reflect the continued execution by the global Perrigo (PRGO) team against our ‘Three-S’ strategic plan. Despite a challenging consumer environment in the U.S. and EU, our diversified portfolio-spanning more molecules at more price points-continues to provide resilience and stability. Our upgraded brand building capabilities are generating positive results as our store brands and key brands are gaining share in their respective markets-demonstrating the strength of our diversified business even amid soft seasonal consumption trends in certain segments, such as allergy, sun care and blister care.”