PERRIGO Co plc
For the period ended Jun 29, 2024. Filed Aug 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 29, 2024 · Filed Aug 2, 2024
PRGO$16.83-0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| June 29, 2024 | July 1, 2023 | June 29, 2024 | July 1, 2023 | |
| Net sales | $1,065.5 | $1,193.1 | $2,147.5 | $2,374.8 |
| Cost of sales | 670.8 | 765.1 | 1,395.1 | 1,532.9 |
| Gross profit | 394.7 | 428.0 | 752.4 | 841.9 |
| Operating expenses | ||||
| Distribution | 24.6 | 28.6 | 49.5 | 57.2 |
| Research and development | 29.4 | 32.2 | 58.4 | 63.3 |
| Selling | 150.1 | 171.1 | 300.4 | 339.0 |
| Administration | 126.1 | 132.6 | 256.4 | 267.6 |
| Impairment charges | 34.1 | — | 34.1 | — |
| Restructuring | 36.9 | 6.7 | 81.3 | 10.2 |
| Other operating expense (income), net | 20.0 | — | 54.0 | (0.8) |
| Total operating expenses | 421.2 | 371.2 | 834.1 | 736.5 |
| Operating (loss) income | (26.5) | 56.8 | (81.7) | 105.4 |
| Interest expense, net | 44.1 | 44.0 | 87.1 | 87.6 |
| Other expense (income), net | 3.4 | (9.7) | 3.8 | (9.0) |
| Income (loss) from continuing operations before income taxes | (74.0) | 22.5 | (172.6) | 26.8 |
| Income tax (benefit) expense | 31.7 | 13.6 | (71.0) | 19.0 |
| Income (loss) from continuing operations | (105.7) | 8.9 | (101.6) | 7.8 |
| Income (loss) from discontinued operations, net of tax | (2.7) | (0.5) | (4.8) | (2.4) |
| Net income (loss) | $(108.4) | $8.4 | $(106.4) | $5.4 |
| Earnings (loss) per share | ||||
| Basic | ||||
| Continuing operations | $(0.77) | $0.07 | $(0.74) | $0.06 |
| Discontinued operations | (0.02) | (—) | (0.04) | (0.02) |
| Basic earnings (loss) per share | $(0.79) | $0.06 | $(0.78) | $0.04 |
| Diluted | ||||
| Continuing operations | $(0.77) | $0.06 | $(0.74) | $0.06 |
| Discontinued operations | (0.02) | (—) | (0.04) | (0.02) |
| Diluted earnings (loss) per share | $(0.79) | $0.06 | $(0.78) | $0.04 |
| Weighted-average shares outstanding | ||||
| Basic | 137.1 | 135.3 | 136.9 | 135.1 |
| Diluted | 137.1 | 136.6 | 136.9 | 136.5 |
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