Primo Brands sees 2026 adjusted EBITDA at low end of prior guidance range
PRMB•Primo Brands expects 2026 adjusted EBITDA of about $1.47 billion, at the lower end of its previous range, while forecasting comparable net sales growth near 3%. Third-quarter comparable net sales rose 3.3% to $1.82 billion, and adjusted EBITDA increased 1.6% to $411 million.
1. 2026 outlook
Primo Brands expects 2026 adjusted EBITDA at the lower end of its previous guidance range, implying about $1.47 billion. Comparable net sales growth is forecast near 3%, the midpoint of the prior 2%-4% range. Adjusted free cash flow guidance remains $790 million-$810 million, and base capital spending remains 4% of net sales.
2. Third-quarter results
Third-quarter comparable net sales rose 3.3% to $1.82 billion, as price increases and mix offset lower volumes. Adjusted EBITDA increased 1.6% to $411 million, while comparable margin fell 40 basis points to 22.6%.
