Primo: Q1 Earnings Snapshot

May 12, 2022 GMT

TAMPA, Fla. (AP) _ Primo Water Corporation (PRMW) on Thursday reported a loss of $6.7 million in its first quarter.

The Tampa, Florida-based company said it had a loss of 4 cents per share. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, came to 9 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.

The maker of soft drinks, juices, teas, flavored water and energy drinks posted revenue of $526.1 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $520 million.

For the current quarter ending in July, Primo said it expects revenue in the range of $540 million to $560 million.


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