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Perrigo's Q1 Results Offer Scant Support To Promote Its 'Self-Care' Turnaround

 
• By Malcolm Spicer

President and CEO Murray Kessler attempts to temper expectations before investor day on May 9 saying Perrigo's turnaround under strategy implemented after he joined firm in November is in its early days. Private label leader, however, will report another step in its move to return to being consumer product-focused: agreement to sell its animal health business to PetIQ for $185m cash.

Hitting bigger business target

Perrigo Co. PLC won't have strong quarterly results to help management convince investors about their turnaround strategy that swings on a change the firm says started during its latest quarter, moving from health care to self-care.

However, during its first-quarter results and investor day conference on May 9, the Dublin-based firm, which has remained the dominant OTC drug private label and store brand provider during its lengthy slump in net income and earnings, will report another step in its move to return to being consumer product-focused

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