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Tuesday, May 03, 2022 10:16:33 AM
Full-year 2022 sales guidance for the COVID vaccine and Paxlovid remain unchanged from the guidance given in February at $32B and $22B, respectively. However, thee guidance was implicitly raised insofar as the strong US dollar has adversely affected the guidance for the COVID vaccine and Paxlovid by $1.0B and $500K, respectively, relative to the guidance given in February.
1Q22 sales—excluding the COVID vaccine and Paxlovid—were +2% YoY.
2022 non-GAP EPS guidance was reduced by $0.10 due to an SEC-mandated in the accounting for in-process R&D (i.e. accounting for acquisitions); the new range is $6.25-6.45.
PR:
https://www.pfizer.com/news/press-release/press-release-detail/pfizer-reports-first-quarter-2022-results
CC slides:
https://s28.q4cdn.com/781576035/files/doc_financials/2022/q1/Q1-2022-Earnings-Charts-FINAL-(1).pdf
Transcript of CC prepared remarks:
https://s28.q4cdn.com/781576035/files/doc_financials/2022/q1/Q1-2022-Earnings-Conference-Call-Prepared-Remarks-FINAL.pdf
2-page infographic:
https://s28.q4cdn.com/781576035/files/doc_financials/2022/q1/Q1-2022-Pfizer-Earnings-Infographic-FINAL.pdf
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