secwatch.observer — SEC 8-K summary
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Issuer:     PERRIGO Co plc (PRGO)
CIK:        0001585364
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0001585364-25-000054
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1585364/000158536425000054/0001585364-25-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1585364/000158536425000054/prgo-20250507.htm
  HTML page:      https://secwatch.observer/filing/0001585364-25-000054

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