Perrigo Q1 Earnings Beat Estimates, Revenues Decline Y/Y

Perrigo (PRGO) reported adjusted earnings of 60 cents per share in the first quarter of 2025, beating the Zacks Consensus Estimate of 56 cents. The reported figure increased 107% year over year, primarily driven by improved margins and lower variable expenses.Net sales declined 3.5% year over year to $1.04 billion, missing the Zacks Consensus Estimate of$1.08 billion. The downside was due to the loss of sales stemming from exited businesses and product lines, and unfavorable currency movements.During the q ...