Perrigo Reports Third Quarter 2026 Financial Results From Continuing Operations
Perrigo reported 3Q26 net sales of $989 million from continuing operations, down 5.2% year-over-year, with reported diluted EPS of $(0.10) versus $0.09 a year ago. Core adjusted EPS fell 9.0% to $0.61 and All In adjusted EPS dropped 25.0% to $0.60, as lower consumption, cautious retailer inventory positioning, and European softness outweighed share gains in U.S. store brand OTC. The company cut its FY26 Core adjusted EPS outlook to $2.15-$2.35 from $2.25-$2.55 and lowered Core net sales growth guidance to (3.6)% to (2.5)%.
Key figures
- Revenue
- 988600000
- Guidance
- FY26 Core adjusted EPS $2.15-$2.35 (cut from $2.25-$2.55); Core net sales growth (3.6)% to (2.5)% (from (3.0)% to 1.0%)
- Revenue Yoy
- -5.2%
- Cash
- 437000000
- Total debt
- 3300000000
- Net leverage
- ~4.0x adjusted EBITDA
- Core net sales
- 908100000
- Core adjusted eps
- 0.61
- Core net sales yoy
- -1.7%
- All in adjusted eps
- 0.6
- Expected impairment
- $275.0M-$375.0M
- Operating cash flow
- 96000000
- Core adjusted eps yoy
- -9.0%
- All in adjusted eps yoy
- -25.0%
- Divestiture consideration
- up to $175M ($40M upfront + up to $135M contingent milestones)
- Core adjusted gross margin
- 37.9%
- Core adjusted operating margin
- 14.3%
AI analysis
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