---
schema_version: "secwatch.filing_event.v1"
accession: "0001585364-23-000055"
form_type: "8-K"
ticker: "PRGO"
cik: "0001585364"
company_name: "PERRIGO Co plc"
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T09:08:46.777009+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Perrigo Q1 adj EPS $0.45 (+35.6% YoY); IRS resolves $843M claim; CEO to step down

## Summary
- Net sales $1.2B (+10.0% YoY); organic net sales +6.4%; CSCI segment achieved record sales with constant currency growth of 23.6%.
- GAAP EPS loss $(0.01); adjusted diluted EPS $0.45, up from $0.33 (35.6% increase). Adjusted gross margin expanded 400 bps to 37.5%.
- IRS NOPA of $843 million fully withdrawn with no payment required; interest rate NOPA also settled.
- CEO Murray Kessler announces plan to transition to a next-generation leader; no successor or timing announced.
- FY2023 guidance reaffirmed: organic net sales growth 3%-6%, adjusted diluted EPS $2.50-$2.70.

## SEC filing metadata
- accession: 0001585364-23-000055
- form_type: 8-K
- ticker: PRGO
- cik: 0001585364
- company_name: PERRIGO Co plc
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1585364/000158536423000055/0001585364-23-000055-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1585364/000158536423000055/prgo-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001585364-23-000055
- JSON: https://secwatch.observer/filing/0001585364-23-000055.json
- Plain text: https://secwatch.observer/filing/0001585364-23-000055.txt

## Key facts
- Earnings Releases
  PERRIGO Co plc reported first quarter ended April 1, 2023 results: revenue $1.2 billion, EPS a loss of $(0.01). Guidance reaffirmed.
  - Period: first quarter ended April 1, 2023
  - Revenue: $1.2 billion
  - EPS: a loss of $(0.01)
  - Guidance: reaffirmed
  - Result: reported results
  source text: Perrigo Reports First Quarter Fiscal Year 2023 Financial Results From Continuing Operations First Quarter 2023 Highlights: • First quarter net sales grew 10.0% versus the prior year quarter to $1.2 billion. Constant currency net sales (1) increased 13.0% and organic (2) net sales grew 6.4% compared to the prior year quarter. • Consumer Self-Care Americas ("CSCA") and Consumer Self-Care International ("CSCI") segments delivered strong net sales growth of 7.6% and 14.7%, respectively, compared to the prior year quarter. CSCI achieved record net sales in the quarter, highlighted by constant currency net sales growth of 23.6% compared to the prior year quarter. • First quarter GAAP ("reported") gross margin was 35.0%, a 360 basis points improvement compared to the prior year quarter. Non-GAAP ("adjusted") gross margin was 37.5%, a 400 basis points improvement compared to the prior year quarter. • First quarter reported earnings per share ("EPS") was a loss of $(0.01), compared to a loss of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1585364/000158536423000055/0001585364-23-000055-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.