Primo Water (PRMW) Tops Q2 EPS by 4c; Bumps Outlook

Primo Water (NASDAQ: PRMW) reported Q2 EPS of $0.11, $0.04 better than the analyst estimate of $0.07. Revenue for the quarter came in at $34.4 million versus the consensus estimate of $33.86 million.

"We experienced another quarter of strong water sales as we continue to benefit from a larger base of households using dispensers," commented Billy D. Prim, Primo Water’s Chief Executive Officer. "Our record top-line drove gross margin expansion through greater leverage of our supply chain costs and resulted in record adjusted EBITDA that was above our expectations for the second quarter. We are very pleased with our team’s execution and are excited about the opportunities ahead as we continue to deliver on our key strategic initiatives."

GUIDANCE:

Primo Water raises Q3 2016 revenue to $33.9-34.9 million, versus the consensus of $35.1 million.

Primo Water raise FY2016 revenue to $132.2-134.3 million, versus the consensus of $134.63 million.

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

You May Also Be Interested In

• 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
• Stitch Fix (SFIX) Tops Q3 EPS by 4c, Offers Guidance
• Cracker Barrel (CBRL) Tops Q3 EPS by 71c