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Perrigo Pays For Growth Drivers In Q1 Results

 
• By Malcolm Spicer

Perrigo reports $1.2bn net sales, up 13% excluding loss to foreign exchange or 6.4% on an organic measure excluding additions to its portfolio and other operating changes since the year-ago period, but also a $3m net loss.

• Source: Shutterstock

Perrigo Company PLC reported 10% net sales growth in the first quarter, driven by a nearly 15% increase in its international markets, but its net loss for the period grew $600,000 from a year ago to $3m on costs related to paying for businesses and brands driving its growth.

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