Primo Brands Kicks Off 2026 with Growth

Primo Brands kicked off 2026 with a strong first quarter, reporting a 1.7% increase in net sales to $1.63 billion, driven by price mix and volume gains, particularly in retail. Adjusted EBITDA decreased by 10.4% due to service investments and winter storm impacts. Direct delivery showed significant progress, with on-time in full deliveries reaching 90% in March and retail continuing to lead with increased shelf space and share. The company also made strategic investments in operations, refinanced debt, and initiated a quarterly dividend. Guidance was revised upward, with comparable organic sales now expected to grow by 1-3%. Primo is well-positioned to capitalize on health trends and brand power in the water category, with partnerships and e-commerce debuts set to drive growth. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e03a6fc10223154b