Reaching 'Transformation' In Turnaround Phase 1, Perrigo Looks To Build On Its Accomplishments

 
• By Malcolm Spicer

Day after releasing Q4 and full-year results, Perrigo announced launch of next chapter in its “3/5/7” makeover strategy. It reached annual growth of 3% for top line revenues in phase 1, aims for 5% operating income and 7% earnings per share growth in phase 2.

Perrigo provides data on separate periods to show a return to net sales growth with adjusted operating income stabilized as it invested to modernize, partially by restoring its historical growth formula • Source: Perrigo

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