Primo Water Q2 2024 Adj. EPS $0.26 Beats $0.24 Estimate, Sales $485.000M Beat $477.992M Estimate
Portfolio Pulse from Benzinga Newsdesk
Primo Water (NYSE:PRMW) reported Q2 2024 adjusted EPS of $0.26, beating the estimate of $0.24. Sales were $485 million, surpassing the $477.992 million estimate but showing an 18.25% decrease from the same period last year.
August 08, 2024 | 10:32 am
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Primo Water reported Q2 2024 adjusted EPS of $0.26, beating the estimate of $0.24. Sales were $485 million, surpassing the $477.992 million estimate but showing an 18.25% decrease from the same period last year.
The positive earnings surprise and sales beat are likely to have a short-term positive impact on PRMW's stock price. However, the significant year-over-year sales decline may temper investor enthusiasm.
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