Perrigo Co PLC (PRGO) stock surged 6.29% in pre-market trading on Friday. The pre-market soar came after the consumer self-care products company provided a detailed financial outlook at its Virtual Investor Day, projecting strong earnings growth over the next few years.
In the investor presentation, Perrigo outlined its "Three-S" plan to stabilize its core businesses, streamline its portfolio and operations, and strengthen investments in key high-growth brands. The company expects these strategic initiatives to drive significant improvements in profitability and cash flow generation.
For fiscal 2025, Perrigo forecasted adjusted earnings per share (EPS) in the range of $2.90 to $3.10, representing year-over-year growth of 13% to 21%. Looking ahead to fiscal 2027, the company anticipates a high-single to low-double digit percentage compound annual growth rate (CAGR) for adjusted EPS. Additionally, Perrigo projected organic net sales growth of 2.5% to 4.5% in 2025 and over the 2025-2027 period.
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