Primo Brands sales rallies 3.8% to $1.8 billion

• Primo Brands’ second-quarter net sales increased 3.8% to $1.80 billion, supported by premium brands and regional spring water.
• Net income from continuing operations rose to $69.2 million, while adjusted EBITDA increased 5.0% to $385.0 million.
• Primo Brands raised its full-year net sales growth forecast to 2%–4% while maintaining its adjusted EBITDA guidance.

Primo Brands (NYSE:PRMB) reported second-quarter net sales of $1.80 billion, up 3.8%, as premium and regional spring water brands supported growth.

Net sales increased from $1.73 billion, while the exited US Office Coffee Services business partly reduced the year-over-year improvement.

Gross margin declined to 30.5%, while operating cash flow reached $227.9 million, adjusted free cash flow was $200.1 million and net debt stood at $4.9 billion.

Primo Brands raised its 2026 sales growth outlook to 2%–4%.

The company returned $59.0 million to shareholders through $43.5 million in dividends and $15.5 million in share repurchases during the quarter.

Primo Brands distributes bottled water through retail stores, hospitality accounts, direct delivery, bottle exchange and refill networks across the United States and Canada.