CLAIM #48561 · Pfizer Inc (PFE) · 2025Q1 earnings call · Apr 29, 2025 · due Dec 31, 2025
“But we're continuing to focus on improving our gross margin over time and improving our operating margin over time, which I think is even a more critical component for us.”
David Denton · CFO
In context
“m-line in Q1 based on our expectations internally. So we're off to a very solid start. Secondly, as I look forward, we're in Q1. We have three quarters left to go. I look at us maintaining our guidance range by giving you some color that our top of it, we're essentially derisking the balance of the year from a financial delivery perspective. We're still faced with some uncertainty from a macro environment perspective, so we're watching that cautiously. At the same time, we're prepared to go into the vaccination season in a position of strength, but really with still some uncertainty around how the macro environment might play out in that space as well. So I hope that helps. I think from a gross margin perspective, off to a nice start, we haven't changed our guidance and our color on that. But we're continuing to focus on improving our gross margin over time and improving our operating margin over time, which I think is even a more critical component for us. And if you look in Q1, we posted a little over 40% from an operating margin perspective, which is really solid performance. So, again, off to a really solid start. Albert Bourla: Thank you. So you don't have any conservatism in your guidance? Dave Denton: No. Albert Bourla: He is the best. Let's move to the next question. Operator: We'll go next to Geoff Meacham with Citi. Geoff Meacham: Hey, guys. Good morning. Thanks for the question. Two quick ones. Albert or Andrew, just from a strategy perspective, what would you say ranks as a higher priority just with respect to how you tier, you know, what would be multiple BD options, you know, is it the TAM? Is it sales through LOE? Is it peak sales after? Wasn't sure how much that's evolved in the current macro backdrop. And then I guess, a que”
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SEC filings for PFE ↗ · Claim quote is verbatim from the 2025Q1 earnings call.