Perrigo Provides Detailed Plan to Consumerize, Simplify and Scale its Unique Global Self-Care Platform at its Virtual Investor Day

Core Viewpoint - Perrigo Company plc is focused on consumerizing, simplifying, and scaling its global self-care platform, aiming for stable and reliable performance [1] Group 1: Business Strategy - The company has a unique complementary business model where store brands and infant formula generate cash for investments in higher margin, higher growth brands [2] - The strategy is anchored in a 'Three-S' plan: 'Stabilizing' Consumer Self-Care Americas, 'Streamlining' the global portfolio, and 'Strengthening' key 'High-Grow' brands [3] - Management emphasizes the importance of consumer-led innovation and a robust global supply chain to serve a wide consumer base [2] Group 2: Financial Targets - For fiscal year 2025, the company targets all-in net sales growth of 1% to 3%, organic net sales growth of 2.5% to 4.5%, and an adjusted gross margin of approximately 40% [7] - The adjusted diluted earnings per share (EPS) is projected to be in the range of $2.90 to$3.10, reflecting a growth of 13% to 21% [7] - Long-term targets include organic net sales CAGR of 2.5% to 4.5% and adjusted gross margin expansion of 200 to 400 basis points by 2027 [7] Group 3: Leadership Insights - President and CEO Patrick Lockwood-Taylor expressed optimism about the company's future opportunities and the strategic path forward [4] - The management team has faced challenges over the past 21 months and has effectively pivoted to stabilize and strengthen the business [4] - The company anticipates significant earnings growth and cash flow, alongside a growing dividend, which could lead to notable total shareholder returns [4]