Financial PerformanceThere is a sizable margin expansion opportunity as the company realizes $300mn in cost synergies by FY26.
Market ExpansionPrimo Brands stands to benefit as the largest player in the US bottled water market, with room to expand into the fast-growing sparkling/seltzer water and other functional hydration categories.
Sales GrowthStrong sales growth for Zephyrhills (+12.2%), Primo (+5.8%), and Poland Spring (+4.7%) highlights positive performance.