Perrigo Co PLC

PRGO: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$95.00	Pvyp	Lpyhztxh

Perrigo Earnings: Ends 2023 on a Mixed Footing and Poor Near-Term Outlook Looms, but Shares Still Cheap

Keonhee Kim

Feb 28, 2024

No-moat Perrigo reported mixed fourth-quarter results. Total sales were up 10 basis points year over year as the weaker-than-expected performance in the Americas was offset by the international business. After trimming our near-term assumptions, we lower our fair value estimate to $37 per share from $40.

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