Perrigo Company reaffirms its fiscal 2024 adjusted diluted EPS outlook of $2.50-$2.65, despite updating its organic net sales growth outlook to -3% to -1% and total net sales growth outlook to -5% to -3%. The company cites lower seasonal demand and expected lower distribution in U.S. store brands as reasons for the sales outlook adjustment. However, increased profitability from a faster recovery in the infant formula business, improved product mix, and lower selling expenses are expected to offset the sales outlook impact.