Headquartered in Dublin, Ireland, Perrigo Company plc (PRGO) is a health and wellness solutions company. It sells over-the-counter products through two segments: Consumer Self-Care Americas; and Consumer Self-Care International. The company has an ISS Governance QualityScore of 1, indicating low governance risk. It currently controls 8% of the total U.S. baby formula market share. PRGO’s net sales increased 6.4% year-over-year to $1.07 billion in its fiscal first quarter ended April 2, 2022. This can be attributed to a 9.7% rise in organic net sales. Its cash flow from operating activities has improved significantly from its year-ago value to $79.10 million.
Regarding this, PRGO President and CEO Murray S. Kessler commented, “We delivered another quarter of very strong organic net sales growth as consumer demand driven sales again strengthened sequentially. The categories in which we compete are growing and remain on-trend, and the products in our portfolio that were most disrupted by the pandemic, including cough/cold, have rebounded. The strong performance of our U.S. infant formula business, which benefited from innovation and availability while a competitor experienced quality issues, was also notable.”
