Why Primo Water Stock Dropped 16% [The Motley Fool]
Primo Water Corporation (PRMW)
Last primo water corporation earnings: 11/5 04:05 pm
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US:NASDAQ Investor Relations:
ir.primowater.com
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Source: The Motley Fool
Why Primo Water Stock Dropped 16% Despite a sales beat and a strong 2019 forecast, Primo's stock is circling the drain. Shares of bottled-water stock Primo Water ( NASDAQ:PRMW ) closed down 16.1% on Wednesday, after the company reported earnings Tuesday following the close of trading. Expected to lose $0.02 per share on sales of $69.8 million, Primo either beat or missed earnings, depending on how you look at it. Calculated according to GAAP accounting standards, Primo lost $0.03 per share -- a miss. But when adjusted for one-time items, Primo actually earned $0.01. Sales beat estimates at $70 million. However Wall Street interprets the results, Primo seems fine with them. CEO Matt Sheehan, at least, says earnings and sales were "in line with our expectations," and the company remains "a market leader in dispenser sales at retail." Yet the fact remains: Despite beating on sales, Primo's revenue declined 5% year over year, and gross margin on those sales slipped 110 basis points to 26
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PRMW
News
- Primo Water Co. (NYSE: PRMW) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- PRIMO BRANDS CORPORATION ANNOUNCES SUCCESSFUL COMPLETION OF MERGER OF PRIMO WATER AND BLUETRITON BRANDSPR Newswire
- Primo Water Corp (PRMW) Q3 2024 Earnings Call Highlights: Strong Revenue Growth and Strategic ... [Yahoo! Finance]Yahoo! Finance
- Primo Water Corp (PRMW) Q3 2024 Earnings Call Highlights: Strong Revenue Growth and Strategic ... [Yahoo! Finance Canada]Yahoo! Finance Canada
- Primo Water Reports Third Quarter 2024 Results and Expects to Close Transaction with BlueTriton Brands on November 8, 2024PR Newswire
PRMW
Earnings
- 11/7/24 - Beat
PRMW
Sec Filings
- 11/8/24 - Form SC
- 11/7/24 - Form 10-Q
- 11/7/24 - Form 8-K
- PRMW's page on the SEC website