Perrigo Q3 Revenue Falls 5.2%; Adjusted EPS Reaches $0.60

What happened

Perrigo reported third-quarter 2026 revenue of $988.6 million, down 5.2% from a year earlier, and a net loss of $27.5 million. Adjusted diluted earnings per share, or profit attributable to each share after adjustments, was $0.60. The company lowered its full-year outlook.

Confirmed

Global impact / market context

Lower revenue and the reduced outlook point to pressure on Perrigo’s near-term sales expectations. Cautious retailer inventory decisions and softness in Europe may limit orders and revenue, while weaker gross profit and operating income suggest less earnings support from each dollar of sales.

Analyst inference

The quarter showed mixed results: adjusted diluted earnings per share were $0.60, but reported revenue fell and Perrigo recorded a net loss. The company cited a planned Infant Formula divestiture, cautious retailer inventory positioning and continued European softness when lowering its full-year outlook.

Confirmed

What to watch

1. Look for Perrigo’s revised full-year outlook and any explanation of how the planned Infant Formula divestiture changes expected sales or earnings. Analyst inference
2. Watch whether retailer inventory caution and weaker European demand continue; prolonged weakness could reduce Perrigo’s orders and revenue in later quarters. Analyst inference
3. Track whether reported revenue and operating income stabilize, alongside adjusted earnings per share, to assess whether underlying business performance is improving. Analyst inference

Evidence

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