Overview
Beverage company's Q4 revenue grew 11.2%, beating analyst expectations
Adjusted EPS for Q4 beat analyst expectations
Company reported net loss from continuing operations narrowed significantly
Outlook
Company plans strategic reinvestment to leverage strong category momentum
Primo Brands aims to drive sustained growth and margin expansion
Company focuses on improving customer experience and leveraging brand power
Result Drivers
MERGER IMPACT - Net sales growth driven by inclusion of Primo Water sales post-merger, partially offset by sale of Ontario facility
SG&A EXPENSES - SG&A expenses rose due to merger-related costs, offset by prior year nonrecurring fees
GROSS MARGIN DECLINE - Gross margin affected by lower margins from Primo Water and integration costs
Company press release: ID:nCNWHjkhfa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Sales | Beat | $1.55 bln | $1.51 bln (10 Analysts) |
Q4 Adjusted EPS | Beat | $0.26 | $0.21 (11 Analysts) |
Q4 Adjusted Net Income | Beat | $94.10 mln | $70.53 mln (7 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the non-alcoholic beverages peer group is "buy"
Wall Street's median 12-month price target for Primo Brands Corp is $22.50, about 14.6% above its February 25 closing price of $19.63
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 14 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
Comments