PERRIGO Co plc 8-K

What Happened

• Perrigo Company plc filed an 8‑K (filed 2026-04-22) saying that on February 26, 2026 it changed its segment reporting to align with its operating structure, effective as of Q1 2026. The Company moved from geographic segments to product-category segments: Self Care; Specialty Care; Infant Formula; and “All Other” (which combines Oral Care and Other, including the Dermacosmetics business).
• The chief operating decision maker (CODM) also changed the primary segment profitability metric from segment operating income to segment adjusted operating income. Perrigo furnished Exhibit 99.1 containing unaudited recast financial metrics for the quarters ending Mar 30, 2024 through Dec 31, 2025 (Q1 2024 – Q4 2025). The recast information is provided for comparability, is not a restatement of previously issued financial statements, and does not change consolidated GAAP results, cash flows, or financial position.

Key Details

• Change announced: February 26, 2026; effective as of Q1 2026.
• New reporting segments: Self Care; Specialty Care; Infant Formula; All Other (Oral Care + Other including Dermacosmetics).
• Furnished (not filed) Exhibit 99.1: unaudited recast metrics for quarterly periods Mar 30, 2024 → Dec 31, 2025 to align prior disclosures with the new segment view.
• CODM now evaluates segment profitability on segment adjusted operating income (non‑GAAP); non‑GAAP adjustments exclude items like amortization, unusual litigation, impairments, restructuring, and acquisition/integration charges.

Why It Matters

• For investors, this changes how Perrigo discloses and evaluates business performance by product category rather than geography, which can affect comparability of past reported category results and trend analysis.
• Management now emphasizes adjusted (non‑GAAP) segment income as the primary operating metric — useful to know when comparing segment profitability, forecasting, or assessing compensation-linked metrics.
• The company says consolidated GAAP results are unchanged and the recast data is unaudited and furnished for comparability; investors should review Exhibit 99.1 alongside GAAP statements and be aware the exhibit is furnished (not filed) and not incorporated by reference.