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Perrigo's Infant Formula Already A Key Sales Driver, And Nutrition Sector Takes Larger Role Ahead

 
• By Malcolm Spicer

OTC private label giant said gaining another grocery chain as an infant formula customer was a key sales driver in the 2019 Q4, with nutrition sales up 21% to account for 17% of Americas consumer health sales growth. The firm plans to re-enter the broader VMS space, but infant formula helped its global consumer health net sales reach $1.1bn in the October-December period.

4th quarter computer key on key board

Perrigo Co. PLC not long ago turned away from nutritional products, other than infant formula, because the sector was a drag on its growth. That thinking not only is in the past but also antithetical to the firm’s current and future growth.

The OTC private label and store brand giant reported that gaining another grocery chain as an infant formula customer was...

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