Perrigo Plc PRGO, -1.00%, the Dublin-based consumer self-care products maker, posted weaker-than-expected third-quarter earnings on Wednesday and issued a profit warning for the full year, after the pandemic added to supply chain issues to leave it with the most unshipped orders ever amid a shortage of trucks and drivers. Perrigo posted a loss of $54 million, or 40 cents a share, for the quarter, after income of $26 million, or 19 cents a share, in the year-earlier period.
Kessler said the challenging operating environment falls into three categories:"a historically weak cough/cold season affecting first quarter sales and manufacturing efficiencies, higher input costs and the sudden supply chain disruption, primarily in the form of a shortage of truck drivers, which began in the third quarter. In combination, these factors are forecasted to negatively impact total year adjusted diluted EPS by $0.
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