NYSE$PRGO

Perrigo Company · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Perrigo's transformation into a consumer self-care company neared completion, with Q1 results reflecting pandemic-related distortions but remaining in line with expectations.

Perrigo reported a decrease in net sales and adjusted EPS for Q1 2021, primarily due to pantry loading in the prior year and a weak cough/cold season. However, the company reaffirmed its full-year guidance, citing strong business fundamentals and anticipated improvements in retail traffic and cough/cold incidence.

  • Net sales decreased by 6.8% to $1.01 billion, impacted by pantry loading and weak cough/cold season.
  • Adjusted diluted EPS decreased by 25.4% to $0.50, also affected by pandemic-related factors.
  • CSCA net sales decreased by 8.6% to $641 million, while CSCI net sales decreased by 3.4% to $370 million.
  • Fiscal year 2021 outlook reaffirmed, with expectations of 3% organic net sales growth, 5% adjusted operating income growth, and 7% adjusted diluted EPS growth.

Headline financials

Total Revenue

$1.01B

Previous: $1.34B-24.7%
EPS (adj)

$0.50

Previous: $1.14-56.1%
Adjusted Operating Income

$119M

Previous: $151M-21.6%
Capital Expenditures

-$45.4M

Previous: -$33.8M-34.3%
Free Cash Flow

-$7.3M

Previous: $72.6M-110.1%
Net Income

$38.1M

Previous: $106M-64.2%
Operating Income

$51.4M

Previous: $146M-64.7%
Gross Profit

$368M

Previous: $483M-23.8%
Cash & Equivalents

$471M

Previous: $510M-7.7%
Total Assets

$11.3B

Previous: $11.4B-0.7%
Stock-Based Comp

$25M

Previous: $16.2M+54.3%

Revenue & EPS history

Perrigo · Revenue · Quarterly

$1.01B

Q1 2021-24.7%vs Q1 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Perrigo · $1.01B total across 2 segments · Q1 2021

  • Consumer Self-Care Americas
    $641M-8.6%
  • Consumer Self-Care International
    $370M-3.4%

Forward guidance

The Company reaffirmed its fiscal 2021 outlook and expects to deliver 3% organic net sales growth, 5% adjusted operating income growth and 7% adjusted diluted EPS growth, translating into an adjusted diluted EPS range of $2.50 to $2.70.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-1.5%

Avg return

Earnings day

-2.1%

Avg return

5 days after

-3.4%

Avg return

30 days after

48%

30 / 63 earnings

Positive

+20.2%

Q4 2024

Best reaction

-25.2%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+5.3%-5.0%-7.0%
Q4 2025-1.5%-21.0%-33.9%
Q3 2025-25.2%-29.4%-33.4%
Q1 2025+7.2%+9.4%+6.0%
Q4 2024+20.2%+22.1%+16.3%
Q3 2024+6.2%+5.4%+10.7%
Q2 2024+1.8%-1.5%+3.3%
Q1 2024-6.9%-8.1%-19.2%
Q4 2023-17.9%-18.2%+0.1%
Q3 2023+2.0%-0.2%+7.3%
Q2 2023+5.8%+7.3%-8.4%
Q1 2023+1.3%-2.2%-6.5%
Q4 2022+3.9%+6.9%-3.2%
Q3 2022-18.3%-14.9%-18.2%
Q2 2022-1.9%-1.7%-9.3%
Q1 2022+9.1%+15.6%+19.7%
Q4 2021+6.4%+4.8%+8.2%
Q3 2021-8.7%-9.8%-23.0%
Q2 2021-16.0%-16.6%-11.1%
Q1 2021+6.1%+6.4%+13.3%
Q4 2020+4.3%+1.7%+0.3%
Q3 2020-0.3%+1.5%+9.9%
Q2 2020-8.5%-6.1%-7.7%
Q1 2020-3.0%-4.4%+0.8%
Q4 2019-16.4%-12.1%-24.0%
Q3 2019-8.1%-9.3%-3.4%
Q2 2019-7.1%-5.4%-1.1%
Q1 2019+7.5%+1.7%-10.1%
Q4 2018+0.8%+4.0%-0.3%
Q3 2018-14.7%-13.0%-20.2%
Q2 2018-10.7%-11.3%-3.3%
Q1 2018-4.9%+0.4%-5.2%
Q4 2017+1.9%-6.0%-5.6%
Q3 2017+8.0%+5.9%+5.4%
Q2 2017+18.3%+17.2%+24.7%
Q1 2017+4.1%+5.0%+8.5%
Q3 2016+6.9%+6.7%-1.2%
Q2 2016-9.8%-7.2%-6.7%
Q1 2016-4.7%
Q4 2015-10.9%
Q3 2015-1.3%
Q2 2015+1.7%
Q1 2015-1.7%
Q4 2014+6.7%
Q3 2014-11.3%
Q2 2014-4.9%
Q1 2014+10.7%
Q4 2013-5.1%
Q3 2013-0.5%
Q2 2013+5.2%
Q1 2013-8.8%
Q4 2012-8.3%
Q3 2012-4.5%
Q1 2012+1.8%
Q2 2012-0.1%
Q4 2011+1.3%
Q3 2011-7.6%
Q2 2011+2.7%
Q1 2011+1.7%
Q4 2010+0.6%
Q3 2010-0.1%
Q2 2010-2.9%
Q1 2010+0.7%

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