Company: PRGO
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001585364-25-000122
Chunk: 124

Company: PERRIGO Co plc
Filing Date: 2025-08-06
Form: 10-Q
Item: Part II, Item 1
Chunk 124
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 of infant formula remediation costs of $7.9 million compared to the prior year. Gross profit as a percentage of net sales increased 100 basis points compared to the prior year due to the same factors that impacted gross profit; and

•$171.2 million decrease in operating expense due primarily to lower selling and administrative costs of $48.9 million due primarily to Project Energize, decreased restructuring costs associated primarily with Supply Chain Reinvention and Project Energize of $43.2 million, a decrease in expenses for litigation, and the absence of prior year impairment charges recognized as part of the assets held for sale of the Hospital & Specialty Business and the Rare Diseases Business.

CONSUMER SELF-CARE AMERICAS FINANCIAL RESULTS

Three Month Comparison

 Three Months Ended(in millions, except percentages)June 28, 2025June 29, 2024Net sales$622.0 $634.1 Gross profit$162.8 $189.7 Gross profit %26.2 %29.9 %Operating income$45.1 $69.3 Operating income %7.3 %10.9 %

43

Perrigo Company plc - Item 2CSCA

Net sales decreased $12.1 million, or 1.9%, due primarily to:

•$12.0 million decrease, or 1.9%, due primarily to lower net sales in the Digestive Health category of $16.3 million due to lower consumption of specific molecules, principally proton pump inhibitors for heartburn, and lower net sales in the Oral Care category of $13.3 million due to lost distribution of lower margin products. These were partially offset by higher net sales in the Nutrition category of $9.4 million, stemming from recovery in the infant formula business, as well as higher net sales in the Healthy Lifestyles category stemming from share gains in store brand smoking cessation products.

CSCA net sales by product category were as follows:

SalesThree Months Ended(in millions, except percentages)June 28, 2025June 29, 2024$ Change% ChangeUpper Respiratory$123.3 $118.8 $4.5 3.8 %Digestive Health109.7 126.0 (16.3)(12.9)%Nutrition95.6 86.1 9.5 11.0 %Pain and Sleep-Aids