CLAIM #40541 · Medtronic PLC (MDT) · 2025Q1 earnings call · Aug 20, 2024 · due Apr 30, 2025
“But we are not banking on CRM growing 8% every quarter.”
Geoff Martha · CEO
In context
“tent market growth as we've signaled in that high single digit and we're just really getting -- launching FX+ going from limited market at least a full market release, which is exciting. Plus the accumulation of all the data, smart, low risk, et cetera, is a real tailwind for us. Two businesses that had a particularly strong Q1 that I'm not sure is going to -- at that high level that throughout the year, one is Diabetes. Diabetes should continue to have growth well above the company average. But we're now annualizing the US launch of 780G. And so I can see diabetes in the teens last quarter. I'm not sure we are going to be able to sustain that the whole year. And CRM also had a really good quarter, some great -- we have a really nice product portfolio across the CRM, all the CRM segments. But we are not banking on CRM growing 8% every quarter. Those two -- there was nothing onetime about them, but just really strong execution. And I think across the company, I could just keep going on the list. There's just a lot of new products out there in the early stages. So overall, we feel good about the underlying fundamentals and where we are headed, and we're focused on delivering on our commitments and issuing guidance, issuing guidance sets us up for success. Vijay Kumar: That's helpful, Geoff. And maybe one follow-up related to that on the guidance question. Gary, welcome to your first earnings call. The gross margin performance here in Q1 really strong. But your guidance still does assume a pretty meaningful step up in operating margins for back half, right? And when I look at your EPS guidance, [low-end] (ph) was tweaked, but it l”
Verify independently
SEC filings for MDT ↗ · Claim quote is verbatim from the 2025Q1 earnings call.