The earnings call highlighted significant improvements in key areas such as infant formula sales, cost savings from Project Energize, and international business growth. However, challenges remain with lost distribution in the U.S. Store Brand business, tariff-related cost increases, and a challenging macroeconomic environment. Despite these challenges, Perrigo is taking proactive measures to mitigate risks and capitalize on growth opportunities.

Company Guidance -

Q3 2025

In the Perrigo Q1 2025 Financial Results Conference Call, the company provided a detailed update on its performance and strategic plans. Notably, Perrigo reported that first quarter infant formula net sales rose by 19% year-over-year, while the supply chain reinvention program contributed an additional $8 million in benefits. Project Energize achieved $20 million in annual savings, reaching a run rate of $159 million. The global service levels increased to 94%, and first quarter EPS grew by 107% to $0.60 per share. Organic net sales declined by 0.4%, but excluding certain factors, they grew by 1.8%. Gross margin expanded by 440 basis points to 41%, and operating margin grew by 550 basis points. Despite macroeconomic uncertainties and tariff impacts, Perrigo reaffirmed its adjusted EPS range and midterm 2027 targets. The company widened its 2025 net sales projections to account for market fluctuations but maintained a positive outlook based on strategic initiatives and operational efficiencies.

Strong Growth in Infant Formula Sales

First quarter 2025 infant formula net sales increased by 19% compared to the same quarter last year.

Project Energize Cost Savings

Project Energize achieved an additional $20 million in annual savings, bringing the program's total annual run rate to $159 million.

Improvement in Global Service Levels

Actions taken to improve service levels are paying dividends with global service levels now at 94%.

Expansion in International Business

International business grew mid-single digits at 5% in net sales and 10% in organic adjusted operating income.

EPS Growth

First quarter EPS grew by 107% year-over-year to $0.60 per share.

Gross Margin Improvement

Gross margin expanded 440 basis points year-over-year to 41%, driven by business recovery in infant formula.

Perrigo Company (PRGO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

PRGO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	0.76 / -	0.81	―	―	―
Aug 06, 2025	2025 (Q2)	0.59 / 0.57	0.53	7.55% (+0.04)
May 07, 2025	2025 (Q1)	0.57 / 0.60	0.29	106.90% (+0.31)
Feb 27, 2025	2024 (Q4)	0.92 / 0.93	0.86	8.14% (+0.07)	―	―
Nov 06, 2024	2024 (Q3)	0.81 / 0.81	0.64	26.56% (+0.17)
Aug 02, 2024	2024 (Q2)	0.47 / 0.53	0.63	-15.87% (-0.10)
May 07, 2024	2024 (Q1)	0.23 / 0.29	0.45	-35.56% (-0.16)
Feb 27, 2024	2023 (Q4)	0.83 / 0.86	0.75	14.67% (+0.11)
Nov 07, 2023	2023 (Q3)	0.63 / 0.64	0.56	14.29% (+0.08)
Aug 08, 2023	2023 (Q2)	0.51 / 0.63	0.43	46.51% (+0.20)

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
May 07, 2025	$24.42	$26.13	+7.00%
Feb 27, 2025	$23.63	$28.40	+20.19%
Nov 06, 2024	$24.59	$26.49	+7.73%
Aug 02, 2024	$27.07	$26.50	-2.11%

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.