Core Insights - The performance of Perrigo's international operations is critical for understanding its financial strength and growth potential [1][2][3] Group 1: International Revenue Performance - Perrigo's total revenue for the quarter was $1.06 billion, a decrease of 0.9% from the previous year [4] - Revenue from "All other countries" was $23.7 million, accounting for 2.2%, which was a surprise decrease of 14.75% compared to the expected $27.8 million [5] - Europe generated $421.7 million, constituting 39.9% of total revenue, exceeding the projected $398.44 million by 5.84% [6] Group 2: Future Revenue Forecasts - Analysts expect Perrigo to report total revenue of $1.12 billion in the current fiscal quarter, indicating a 3% increase from the prior year [7] - For the full year, total revenue is projected at $4.44 billion, reflecting a 1.6% increase from the previous year [8] Group 3: Market Context and Stock Performance - The company's reliance on international markets presents both opportunities and challenges, necessitating close monitoring of revenue trends [9] - Perrigo's stock has declined by 18.1% over the past month, contrasting with a 2.7% increase in the Zacks S&P 500 composite [13]
International Markets and Perrigo (PRGO): A Deep Dive for Investors