Overview
Consumer health product provider's Q4 revenue slightly beat analyst expectations
Adjusted EPS for Q4 missed analyst expectations
Company launching operational enhancement program to deliver $80 mln to $100 mln savings
Outlook
Perrigo sees FY2026 net sales down 5.5% to 1.5%
Perrigo expects FY2026 adjusted EPS of $2.00 to $2.30
Perrigo anticipates CORE FY2026 EPS of $2.25 to $2.55
Result Drivers
INFANT FORMULA IMPACT - Organic net sales decline primarily due to lower sales in infant formula, impacting overall performance
MARKET SHARE GAINS - Despite soft OTC category consumption, Perrigo gained share in store brands and key brands
COST SAVINGS - Project Energize and Supply Chain Reinvention Program delivered significant cost savings, partially offsetting lower gross profit
Company press release: ID:nPn7XvX6Ra
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Sales | Slight Beat* | $1.11 bln | $1.10 bln (3 Analysts) |
Q4 Adjusted EPS | Miss | $0.77 | $0.79 (3 Analysts) |
Q4 EPS | -$10.20 | ||
Q4 Adjusted Net Income | Miss | $108 mln | $120.83 mln (3 Analysts) |
Q4 Net Income | -$1.41 bln | ||
Q4 Adjusted Operating Income | Miss | $167 mln | $188.53 mln (3 Analysts) |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the pharmaceuticals peer group is "buy."
Wall Street's median 12-month price target for Perrigo Company PLC is $18.00, about 24.9% above its February 25 closing price of $14.41
The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 7 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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