Primo Brands Corporation (PRMB)
NYSE:PRMB
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Earnings Data
Report Date
Aug 06, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.32Last Year’s EPS
0.36Same Quarter Last Year
Strong Buy
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a generally positive tone: management reported a return to comparable top-line growth, meaningful operational progress in direct delivery (OTIF >90%, approaching customer breakeven), strong premium brand performance (+43%), improved cash flow and proactive balance-sheet actions (refinancing, liquidity, buybacks and dividend). However, near-term profitability was pressured by deliberate investments to stabilize service, winter-weather and freight impacts, and unexpected oil-related commodity volatility that prompted a wider adjusted EBITDA guidance range and Y/Y margin compression. Management presented clear mitigation levers (hedging, pricing, productivity, revenue growth management) and expects margin recovery later in the year as costs normalize and growth continues.Company Guidance
Top-Line Growth and Raised Sales Guidance
Q1 net sales of $1.63 billion, up 1.7% on a comparable basis year-over-year. Company raised 2026 comparable organic net sales guidance to 1%–3% (previously flat to 1%) based on broad-based top-line momentum.
Premium Brands Driving Strong Growth
Saratoga and Mountain Valley combined net sales grew 43% in Q1, with Saratoga capacity in Texas becoming operational in May and a new Mountain Valley facility expected mid-summer to support further expansion.
Direct-Delivery Operational Improvements
Sequential improvement in direct delivery performance: on-time-in-full (OTIF) topped 90% in March; customer call volume declined; customer nets approached net breakeven in March; company expects direct delivery to be closer to breakeven in Q2 and modest growth in H2 2026.
Retail Execution and Distribution Expansion
Retail momentum with dollar and volume share gains in branded bottled water and expanded points of distribution. Regional spring waters listed on Amazon Grocery in April, opening e-commerce growth opportunities.
Cash Flow and Capital Allocation Strength
Generated $103.8 million of cash flow from operations (adjusting for integration items would be $191.6 million). Adjusted free cash flow was $128.6 million, a $73.9 million improvement versus prior year. Reaffirmed full-year adjusted free cash flow guidance of $790 million–$810 million.
Balance Sheet Actions and Shareholder Returns
Proactively refinanced $3.1 billion term loan to extend maturity to 2031. Liquidity of $874 million (cash + unused credit). Net leverage at quarter end 3.52x. Repurchased $29 million of stock (~1.5M shares) and announced a $0.12 quarterly dividend ($0.48 annualized).
Execution Investments Yielding Early Returns
Investments to improve direct delivery and customer experience resulted in better-than-expected net sales, improved service KPIs (OTIF >90%), sequential financial improvement in direct delivery, and early retention gains—validating the operational approach.
Revenue Growth Management and Pricing Strategy
Management is implementing a strategic, consumer-centric revenue growth management approach across price points, package types and channels, and has already taken targeted pricing actions in immediate-consumption formats with potential case-pack pricing later in the year.
PRMB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PRMB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $19.80 | $22.24 | +12.32% |
Feb 26, 2026 | $19.52 | $22.52 | +15.38% |
Nov 06, 2025 | $22.39 | $17.48 | -21.89% |
Aug 07, 2025 | $25.98 | $23.61 | -9.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Primo Brands Corporation (PRMB) report earnings?
Primo Brands Corporation (PRMB) is schdueled to report earning on Aug 06, 2026, Before Open (Confirmed).
What is Primo Brands Corporation (PRMB) earnings time?
Primo Brands Corporation (PRMB) earnings time is at Aug 06, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PRMB EPS forecast?
PRMB EPS forecast for the fiscal quarter 2026 (Q2) is 0.32.