Primo Brands Q3 sales up 35.3%; names Eric Foss as CEO

Primo Brands

06/11/2025 11:21

Overview

Primo Brands Q3 net sales grow 35.3% yr/yr, driven by merger and increased volumes

Adjusted EPS for Q3 beats analyst expectations, reflecting strong operational performance

Company announces leadership transition, appointing Eric Foss as Chairman and CEO

Outlook

Primo Brands revises full-year 2025 Net Sales and Adjusted EBITDA guidance

Company reaffirms cost synergy targets of $200 mln in 2025, $300 mln in 2026

Result Drivers

PREMIUM BRANDS - Double-digit net sales growth driven by premium water brands Saratoga and The Mountain Valley

MERGER IMPACT - Net sales growth primarily driven by merger with Blue Triton Brands and increased volumes

EXCHANGE AND REFILL GROWTH - Strong performance from Exchange and Refill offerings with growing distribution and volumes

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Meet
$1.77 bln
$1.77 bln (12 Analysts)
Q3 Adjusted EPS
Beat
$0.41
$0.36 (13 Analysts)
Q3 EPS
$0.05
Q3 Adjusted Net Income
Beat
$155 mln
$134.59 mln (8 Analysts)
Q3 EPS from Cont Ops
$0.11


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the non-alcoholic beverages peer group is "buy"

Wall Street's median 12-month price target for Primo Brands Corp is $35.00, about 35.3% above its November 5 closing price of $22.66

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release: ID:nCNW9pPmta

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(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.)