Primo Brands Q2 sales beat estimates on retail growth
PRMB•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
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
Quarterly results and drivers
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US beverage company's Q2 sales rose 3.8% yr/yr, beating analyst expectations
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Adjusted EPS for Q2 beat consensus, driven by retail and premium brand growth
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Company repurchased $15.5 mln in shares during the quarter
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