Primo Brands Q2 sales beat estimates on retail growth

Primo Brands

05/08/2026 11:12

Overview
US beverage company's Q2 sales rose 3.8% yr/yr, beating analyst expectations
Adjusted EPS for Q2 beat consensus, driven by retail and premium brand growth
Company repurchased $15.5 mln in shares during the quarter

Outlook
Primo Brands raises 2026 net sales growth outlook to 2%-4% from 1%-3%
Company maintains 2026 adjusted EBITDA guidance at $1,465 mln to $1,515 mln
Primo Brands continues to expect 2026 adjusted free cash flow of $790 mln to $810 mln

Result Drivers
RETAIL AND PREMIUM BRANDS - Co said Q2 sales growth was driven by robust performance in retail channels, led by regional spring water and premium brands
DIRECT DELIVERY RECOVERY - Co said earlier-than-anticipated return to growth in Direct Delivery contributed to Q2 results
TRANSPORTATION COSTS - Gross margin decline attributed to increased transportation related costs and depreciation and amortization

Company press release: ID:nPnHLlpQa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$1.80 bln
$1.76 bln (10 Analysts)
Q2 Adjusted EPS
Beat
$0.37
$0.32 (12 Analysts)
Q2 EPS
 
$0.19
 
Q2 Adjusted Net Income
Beat
$134.20 mln
$119.05 mln (7 Analysts)
Q2 EPS from Cont Ops
 
$0.19
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the non-alcoholic beverages peer group is "hold."
Wall Street's median 12-month price target for Primo Brands Corp is $28.00, about 20.2% above its August 4 closing price of $23.29
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 15 three months ago

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Aug 4 - Ball Corp beats quarterly estimates on steady demand for its aluminum cans

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)