Primo: Q2 Earnings Snapshot

August 11, 2022 GMT

TAMPA, Fla. (AP) _ Primo Water Corporation (PRMW) on Thursday reported a loss of $22.5 million in its second quarter.

On a per-share basis, the Tampa, Florida-based company said it had a loss of 14 cents. Earnings, adjusted for one-time gains and costs, came to 21 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.

The maker of soft drinks, juices, teas, flavored water and energy drinks posted revenue of $571.4 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $549.7 million.

For the current quarter ending in October, Primo said it expects revenue in the range of $570 million to $590 million.


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