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Perrigo Company plc (PRGO)
NYSE:PRGO
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.59Last Year’s EPS
0.53Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 07, 2025
|% Change Since: 6.97%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Neutral
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
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.
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 |
|---|---|---|---|
May 07, 2025 | $24.68 | $26.41 | +7.01% |
Feb 27, 2025 | $23.89 | $28.71 | +20.18% |
Nov 06, 2024 | $24.85 | $26.78 | +7.77% |
Aug 02, 2024 | $27.36 | $26.78 | -2.12% |
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 plc (PRGO) report earnings?
Perrigo Company plc (PRGO) is schdueled to report earning on Aug 06, 2025, TBA Not Confirmed.
What is Perrigo Company plc (PRGO) earnings time?
Perrigo Company plc (PRGO) earnings time is at Aug 06, 2025, TBA Not 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 2025 (Q2) is 0.59.
