Perrigo Earnings: Infant Formula Recovery Met With Excitement, but Uncertainty Still Very High
Perrigo's revenue declined 3% (0.7% from pricing and 2.4% from volume/mix) and adjusted earnings per share fell 12% in the second quarter. 2026 guidance for a 3% sales decline and $2.15 in adjusted EPS, both at the midpoint, was reaffirmed. Shares rose 23% in Aug. 5 intraday trading.