Primo Water (NASDAQ: PRMW) reported Q2 EPS of $0.12, $0.10 better than the analyst estimate of $0.02. Revenue for the quarter came in at $75.8 million versus the consensus estimate of $73.25 million.

“We are pleased with the results for the second quarter as we exceeded our top-line expectations. In addition to the strong second quarter operating performance, we successfully completed a follow-on equity offering, which allowed us to refinance all of our outstanding debt into a new credit facility,” commented Matt Sheehan, Primo Water’s President and Chief Executive Officer. “The interest savings under our new credit facility will allow us to accelerate investment in strategic growth initiatives that we believe will drive customer awareness, household penetration and water growth. These initiatives, including successful promotions executed to-date, continued to drive our growth, including an acceleration of our U.S. Exchange same-store unit growth. Our team’s executional focus around our purpose of Inspiring Healthier Lives Thru Better Water and our core strategies give us the confidence to once again raise our net sales outlook for the remainder of 2018.”

GUIDANCE:

Primo Water sees FY2018 revenue of $305-309 million, versus the consensus of $305.08 million.

For earnings history and earnings-related data on Primo Water (PRMW) click here.