Along With Sales Across Regions And Categories, Perrigo’s Labor Shortage Concerns Grow

“The only thing that keeps me up at night right now is labor shortages,” says CEO Murray Kessler. He also notes growing trend of consumers responding to inflation by moving from national brands to lower-priced private label/store brand OTC drugs.

Strong sales growth across its regions and product categories and a trend of more consumers moving to the lower-produced generics of national brand OTCs that Perrigo Company PLC provides don’t hide a potential problem from management’s view.

“The only thing that keeps me up at night right now is labor shortages,” said president and CEO Murray Kessler...