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Perrigo Company (PRGO)
NYSE:PRGO
Earnings Data
Report Date
May 12, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.33Last Year’s EPS
0.6Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mix of meaningful operational progress and clear near-term headwinds. Positive execution items include share gains, $320M of realized operational benefits, a tripled innovation pipeline, margin expansion over recent years, and a targeted operational savings program. Offsetting these are substantial legacy and cyclical challenges: a large $1.3B goodwill impairment (with potential additional charges), significant Infant Formula revenue declines and inventory/working capital pressure, market softness in OTC (notably cough/cold), and a near-term EPS hit (~$0.60) from underabsorption. Management frames 2026 as a transition year with confidence in a second-half recovery and 2027 improvement, but the near-term guidance and noncash impairments temper the outlook.Company Guidance
Full-Year CORE and All-In EPS & Operating Income Improvement
Full year All-In operating income grew 2% and All-In EPS improved 7%, finishing at $2.75. CORE Perrigo operating income increased 7% year-over-year and CORE EPS rose 14% versus prior year (CORE 2025 baseline EPS $2.52).
Project Energize and Supply Chain Benefits
Operational initiatives (Project Energize and supply chain reinvention) delivered approximately $320 million in benefits in 2025, driving improvements in operating income and EPS.
Share Gains and New Distribution Wins
Company reported accelerating market share gains across key categories and regions, securing over $100 million in new distribution and competitive takeaways and strengthened in-store execution.
Innovation Pipeline Expansion
Management stated the innovation pipeline tripled in value versus the prior year, with a large portion of new product value and geographic expansion planned to land in the second half of 2026 (~60%+ of innovation/opportunistic expansion).
CORE 2026 Guidance and Margin Targets
2026 CORE guidance: organic net sales growth of -3.5% to +0.5%; CORE EPS guidance $2.25 to $2.55; CORE gross margin expected 39%–40% and CORE operating margin 15%–16%.
Operational Enhancement Program
New 2-year operational enhancement program expected to deliver annualized pretax savings of $80 million to $100 million (approximately 80% of savings expected in 2026), with estimated one-time costs of $80 million to $90 million and a planned ~7% global workforce reduction.
Supply Stabilization in Infant Formula
Company reported stabilizing supply in Infant Formula with service levels recovered above 90%, even as demand recovery softened and competition increased.
Cash, Leverage and Margin Progress
Ended 2025 with $532 million cash, full-year operating cash flow $239 million (Q4 operating CF $175 million). Net leverage improved from ~5.5x to 4.0x and operating income margin expanded ~230 basis points over the past 2.5 years.
Regulatory and Quality Execution
Operations reported strong compliance with 30+ inspections in 2025 with no critical or major observations and no recalls, highlighting quality assurance strength.
PRGO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PRGO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $14.09 | $13.88 | -1.53% |
Nov 05, 2025 | $19.32 | $14.45 | -25.21% |
Aug 06, 2025 | $25.16 | $22.32 | -11.31% |
May 07, 2025 | $23.08 | $24.70 | +7.01% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Perrigo Company (PRGO) report earnings?
Perrigo Company (PRGO) is schdueled to report earning on May 12, 2026, Before Open (Confirmed).
What is Perrigo Company (PRGO) earnings time?
Perrigo Company (PRGO) earnings time is at May 12, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PRGO EPS forecast?
PRGO EPS forecast for the fiscal quarter 2026 (Q1) is 0.33.
