Primo Brands (PRMB) beats Q2 2026 EPS by 10.7% and raises its outlook
As seen on the 24/7 Wall St. homepage on August 5, 2026.
Primo Brands raised its full-year comparable sales growth outlook to 2%-4% for the second straight quarter, with Direct Delivery returning to growth earlier than management expected. Retail demand for regional spring water and premium brands carried the quarter, and adjusted free cash flow funded the dividend and buybacks.
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Primo Brands reported Q2 2026 earnings per share of $0.37, topping the consensus estimate of $0.33 by roughly 10.7%. Revenue came in at $1.796 billion, about 1.8% above the $1.765 billion analysts had expected. The results extend a mostly positive streak for the company — PRMB has beaten EPS estimates in seven of the last nine quarters tracked in the filing.
The headline driver this quarter was the faster-than-expected return to growth in the company's Direct Delivery segment, which management had flagged as a recovery story to watch. Retail demand for regional spring water and premium brands also contributed, and the company said adjusted free cash flow was sufficient to cover both its dividend and share buybacks.
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Building on that momentum, Primo Brands raised its full-year comparable sales growth guidance to a range of 2% to 4% — the second consecutive quarter it has lifted that outlook. Investors will likely focus on whether Direct Delivery can sustain its early recovery and whether premium water demand holds up through the back half of the year.
Mentioned: PRMB