Why Did Perrigo Plunge 15.51% on Earnings Miss?

On August 6, 2025, Perrigo's stock experienced a significant drop of 15.51% in pre-market trading, reflecting a notable decline in investor sentiment.

Perrigo recently reaffirmed its full-year 2025 outlook, maintaining an adjusted EPS range of $2.90 to $3.10. This reaffirmation comes despite a slight miss in its second-quarter net sales, which decreased by 0.9% year-over-year to $1.06 billion, falling short of analyst estimates.

The company's second-quarter results, which were reported on August 6, 2025, showed a decline in net sales. Despite this, Perrigo has maintained its fiscal year 2025 adjusted diluted EPS target range of $2.90 to $3.10, indicating confidence in its long-term growth prospects.

Additionally, Perrigo has declared a quarterly dividend, payable on September 16, 2025. This move is part of the company's strategy to return value to shareholders, even as it navigates short-term challenges.