Perrigo Lowered Guidance For Net Sales Growth To 4.0%-6.0% From 7.0%-11.0%
Portfolio Pulse from Benzinga Newsdesk
Perrigo has revised its net sales growth guidance downwards to 4.0%-6.0% from the previous 7.0%-11.0%. The company also expects organic net sales growth of 1.0% to 3.0%, down from the earlier range of 3.0% to 6.0%.
November 07, 2023 | 11:39 am
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Perrigo's lowered guidance for net sales growth could potentially impact investor sentiment and the company's stock price in the short term.
Perrigo's downward revision of its net sales growth guidance indicates potential challenges in achieving its revenue targets. This could negatively impact investor sentiment and lead to a decrease in the company's stock price in the short term.
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