NYSE$PRGO

Perrigo Company · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

Perrigo reported Q4 2025 net sales of $1.11B with adjusted EPS of $0.77.

Q4 net sales were $1.11 billion (-2.5% reported). GAAP net loss was $1.41 billion ($(10.20) EPS) due to a goodwill impairment; adjusted EPS was $0.77. FY2026 adjusted EPS guidance is $2.00–$2.30 with new operational enhancement savings of $80M–$100M.

  • Q4 adjusted EPS $0.77; organic net sales -4.5%.
  • Goodwill impairment drove GAAP loss.
  • Project Energize delivered ~$167M gross savings.
  • FY26 adjusted EPS guide $2.00–$2.30.

Headline financials

Total Revenue

$1.11B

Previous: $1.14B-2.5%
EPS (adj)

$0.77

Previous: $0.93-17.2%
Organic Net Sales Growth

4.0%

Previous: 1.0%+300.0%
Adjusted Operating Income

$215M

No prior period
Adjusted Operating Margin

18.1%

No prior period
Reported Operating Margin

9.9%

No prior period
Adjusted Gross Margin

39.3%

No prior period
Reported Gross Margin

37.3%

No prior period
OCF Conversion to Adj. NI

98.0%

No prior period
Net Income

-$1.41B

Previous: -$44.5M-3068.5%
Operating Income

$118M

Previous: $114M+3.3%
Gross Profit

$442M

Previous: $386M+14.5%

Revenue & EPS history

Perrigo · Revenue · Quarterly

$1.11B

Q4 2025-2.5%vs Q4 2024
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Perrigo · $1.12B total across 2 segments · Q3 2023

  • Consumer Self-Care Americas
    $704M-2.5%
  • Consumer Self-Care International
    $420M+11.2%

Forward guidance

FY2026 adjusted diluted EPS $2.00–$2.30; CORE adjusted EPS $2.25–$2.55.

Tailwinds

  • Operational enhancement program $80M–$100M savings.
  • Project Energize savings largely realized.
  • Supply chain reinvention completed.

Headwinds

  • Infant formula headwinds.
  • Goodwill redistribution may cause Q1 2026 impairment.
  • Organic volume pressure in consumer health.

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 Q4 2025

Historical avgQ4 2025

-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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro