F&P Healthcare (FPH): April Revenue Proxy – Slow Start to FY24

April 2023 respiratory export data shows a slow start to FY24, down -7% YoY (cycling a weak comparable); On a three month rolling basis, respiratory exports are only up +3% YoY despite April 2022 being near the three month rolling floor post the Omicron inventory unwind in 2022 (March 2022 was the weakest three month rolling comparable).