Mission Statement, Vision, & Core Values of Perrigo Company plc (PRGO)

What drives a company that generated $4.37 billion in net sales for fiscal year 2024? Have you ever wondered about the principles guiding a leading global provider of self-care products? Let's delve into the core of what makes Perrigo Company plc tick by exploring its mission statement, vision, and core values.

Perrigo Company plc (PRGO) An Overview of

Perrigo Company plc is a leading provider of self-care products and over-the-counter (OTC) medications. Founded in 1887, the company has grown from a small packaging business to a global healthcare supplier. Perrigo offers a wide range of products, including:

• Cough, Cold, and Allergy Relief: Medications to alleviate symptoms of common respiratory illnesses.
• Pain Relief: Over-the-counter pain relievers like ibuprofen and acetaminophen.
• Vitamins and Supplements: A variety of vitamins, minerals, and supplements for overall health and wellness.
• Digestive Health: Products to aid digestion and relieve gastrointestinal discomfort.
• Skincare: Solutions for various skin conditions, including acne treatment and moisturizers.

As of April 2025, Perrigo continues to serve consumers and customers around the world, delivering affordable self-care solutions. For more in-depth insights into Perrigo's journey, explore: Perrigo Company plc (PRGO): History, Ownership, Mission, How It Works & Makes Money

In the latest financial reports, Perrigo showcased a strong financial performance. The company reported record revenue, driven significantly by its key product sales. Specifically, there was notable growth in the OTC and self-care product categories, reflecting increased consumer demand for accessible healthcare solutions. Perrigo also experienced growth in international markets, expanding its global footprint and reinforcing its position as a leading global provider. The company's strategic focus on innovation and efficiency has contributed to its financial success. For example, in fiscal year 2024, Perrigo reported net sales of $4.7 billion, a 4.4% increase compared to the previous year. This growth was supported by strong performance in both its Americas and International segments.

Perrigo stands as one of the leading companies in the self-care industry, driven by its commitment to providing quality, affordable healthcare products. Its long history, diverse product portfolio, and strategic market positioning have solidified its reputation. Want to understand the factors that make Perrigo successful? Read on to explore its mission, vision, and core values.

Perrigo Company plc (PRGO) Mission Statement of

The mission statement of Perrigo Company plc is to make quality, affordable self-care products accessible to consumers. This commitment is reflected in their focus on providing over-the-counter (OTC) medications and store brand products that enhance the well-being of individuals and families. Perrigo aims to empower consumers to proactively manage their health by offering accessible and reliable self-care solutions.

Perrigo's mission statement is composed of three core components:

• Quality
• Affordability
• Accessibility

Quality

Perrigo emphasizes quality in its mission to ensure consumer trust and confidence in its products. This involves adhering to rigorous manufacturing standards, utilizing high-quality ingredients, and implementing thorough testing procedures. Perrigo's commitment to quality is demonstrated through its compliance with regulatory requirements and its continuous efforts to improve product formulations and delivery systems. In 2024, Perrigo invested heavily in research and development to enhance the quality and efficacy of its self-care products. This dedication to quality helps Perrigo maintain its reputation as a trusted provider of healthcare solutions.

Affordability

Affordability is a cornerstone of Perrigo's mission, reflecting the company's dedication to making self-care accessible to a wide range of consumers. By focusing on OTC medications and store-brand products, Perrigo offers cost-effective alternatives to higher-priced branded medications. This affordability enables individuals and families to manage their health without incurring significant financial burdens. In 2024, Perrigo expanded its portfolio of affordable self-care products, further solidifying its commitment to providing value to consumers. According to the company's financial reports, this strategy has contributed to increased market share and customer loyalty.

Accessibility

Accessibility is crucial to Perrigo's mission, ensuring that its self-care products are readily available to consumers across various geographic locations and socioeconomic backgrounds. Perrigo achieves this by distributing its products through a wide network of retailers, including pharmacies, supermarkets, and online platforms. This extensive distribution network ensures that consumers can easily access the self-care solutions they need, regardless of their location or circumstances. Perrigo's focus on accessibility aligns with its goal of empowering individuals to take proactive control of their health. As of 2024, Perrigo has continued to expand its distribution channels to reach even more consumers, particularly in underserved communities. Perrigo’s net sales for 2024 were $4.7 billion, reflecting its broad market reach and the accessibility of its products.

For more insights into Perrigo's background, explore: Perrigo Company plc (PRGO): History, Ownership, Mission, How It Works & Makes Money

Perrigo Company plc (PRGO) Vision Statement

Perrigo Company plc operates with a clear mission, vision, and set of core values that guide its strategic decisions and daily operations. Understanding these guiding principles provides insight into the company’s goals and how it aims to achieve them. As a leading provider of over-the-counter (OTC) health and wellness solutions, Perrigo’s mission and vision reflect its commitment to making quality healthcare accessible and affordable for consumers.

Mission, vision, and core values are fundamental components of a company's strategic framework. They articulate the organization's purpose, desired future state, and guiding principles. For Perrigo, these elements are crucial in aligning its operations with its overarching goals in the dynamic healthcare industry. Here's a detailed look into each aspect of Perrigo's guiding principles.

Mission Statement

Perrigo's mission is to provide quality, affordable self-care products that consumers trust. This mission drives the company's focus on:

• Accessibility: Ensuring that essential health and wellness products are available to a broad range of consumers.
• Affordability: Offering cost-effective alternatives to prescription medications.
• Trust: Building and maintaining consumer confidence through reliable and high-quality products.

In 2024, Perrigo reported net sales of $4.7 billion, reflecting its strong market presence and the demand for its self-care products. This financial performance underscores the company's success in executing its mission.

Vision Statement

Perrigo envisions a world where self-care is accessible to all, empowering individuals to proactively manage their health and well-being. The key components of this vision include:

• Empowerment: Encouraging individuals to take control of their health through self-care solutions.
• Accessibility: Making self-care products readily available and affordable.
• Global Reach: Expanding its impact to serve diverse populations worldwide.

Perrigo’s commitment to this vision is evident in its strategic investments in innovation and global expansion. For example, the company allocates a significant portion of its revenue to research and development to create new and improved self-care products. In 2024, Perrigo's investment in R&D was approximately $150 million, aimed at developing innovative self-care solutions.

Core Values

Perrigo's core values define the company's culture and guide its employees' behavior. These values include:

• Integrity: Upholding the highest ethical standards in all business practices.
• Collaboration: Fostering teamwork and partnerships to achieve common goals.
• Innovation: Encouraging creativity and continuous improvement.
• Customer Focus: Prioritizing the needs and satisfaction of consumers.
• Results-Oriented: Emphasizing accountability and the achievement of measurable outcomes.

These values are embedded in Perrigo’s operations and decision-making processes. For instance, the company’s commitment to integrity is reflected in its compliance programs and ethical conduct policies. Perrigo's dedication to customer focus is demonstrated through its market research and product development efforts, ensuring that its offerings meet the evolving needs of consumers.

Perrigo’s mission to provide quality, affordable self-care products, coupled with its vision of accessible self-care for all, positions the company as a key player in the healthcare industry. By staying true to its core values, Perrigo aims to create lasting value for its stakeholders and contribute to a healthier world. For further insights into Perrigo's financial performance, you can explore this analysis: Breaking Down Perrigo Company plc (PRGO) Financial Health: Key Insights for Investors.

Perrigo Company plc (PRGO) Core Values of

Perrigo Company plc operates with a defined set of core values that guide its operations and interactions with stakeholders. While specific, formally declared core values can evolve or be articulated in various ways, focusing on Perrigo’s known commitments and operational ethos provides insight. These can be distilled from their public statements, actions, and industry presence.

Commitment to Quality and Safety

Perrigo emphasizes the quality and safety of its products, reflecting its responsibility to consumers. This commitment is evident in its stringent manufacturing processes and adherence to regulatory standards. Ensuring product safety not only builds trust with consumers but also mitigates potential risks associated with health products.

• Perrigo consistently invests in advanced quality control measures to maintain high standards.
• The company actively monitors and responds to consumer feedback to improve product safety and efficacy.

Consumer-Centric Approach

Perrigo places a high priority on meeting the needs and expectations of its consumers. This involves understanding consumer preferences, providing accessible healthcare solutions, and ensuring customer satisfaction. A consumer-centric approach drives innovation and helps Perrigo maintain a competitive edge in the market.

• Perrigo conducts extensive market research to identify unmet consumer needs.
• The company offers a wide range of products tailored to different consumer segments and preferences.

Ethical Conduct and Integrity

Perrigo is committed to conducting business with the highest ethical standards and integrity. This includes transparency in its operations, compliance with laws and regulations, and a commitment to corporate social responsibility. Ethical conduct is crucial for maintaining trust with stakeholders, including investors, employees, and the public.

• Perrigo has implemented a comprehensive ethics and compliance program to ensure adherence to ethical standards.
• The company promotes a culture of transparency and accountability throughout its organization.

Innovation and Continuous Improvement

Perrigo fosters a culture of innovation and continuous improvement to drive growth and enhance its competitive position. This involves investing in research and development, exploring new technologies, and seeking ways to improve operational efficiency. Innovation enables Perrigo to develop new products, enter new markets, and create value for its stakeholders.

• Perrigo invests a significant portion of its revenue in research and development activities.
• The company encourages employees to generate new ideas and implement innovative solutions.

For more insights into Perrigo's investor profile, you might find this resource helpful: Exploring Perrigo Company plc (PRGO) Investor Profile: Who’s Buying and Why?