Perrigo Reports Q1 2025 Adjusted EPS Up 106.9% to $0.60, Net Sales $1.04B Down 3.5%

PERRIGO Co plc

2025-Q1 EPS reported -$0.05 revenue$1,043,900,000

Net sales of $1.04B declined 3.5% due to divestitures and currency; organic net sales down 0.4%.
Adjusted EPS rose 106.9% to $0.60 from $0.29, driven by infant formula recovery and Project Energize savings.
Adjusted gross margin expanded 440 bps to 41.0%; adjusted operating margin up 550 bps to 14.0%.
Company widens 2025 net sales growth outlook to 0%-3% from 1%-3% due to tariff uncertainty; reaffirms adjusted EPS target.
Project Energize achieved $159M gross savings with $20M reinvestment since 2024; incurred $111M restructuring charges.

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