Perrigo jumps on sales forecast, plans to simplify self-care platform

Perrigo

28/02/2025 16:46

** Shares of drugmaker Perrigo PRGO.N rise 20% to $28.98, highest in about three months

** Co says on an investor call that it will lay out plans to "consumerize, simplify and scale its global self-care platform"

** Expects 2025 adj profit of $2.90 to $3.10 per share, compared to analysts' estimate of $3.04 per share

** Sees 2025 net sales growth of 1% to 3%; organic compound annual sales growth of 2.5% to 4.5% for 2025 to 2027

** Co posted late on Thursday Q4 sales of $1.14 bln compared to analysts' estimate of $1.2 bln, according to data compiled by LSEG

** Co reported Q4 adj profit of 93 cents per share in line with estimates

** PRGO has fallen 25% in the last 12 months

 (Reporting by Siddhi Mahatole)

 ((siddhi.mahatole@thomsonreuters.com))