Primo Brands beats Q2 estimates and raises full-year revenue outlook

PRMB Primo Brands Corp

$24.13 +7.77%

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1. 1Primo Brands (PRMB) shares jump more than 6% in premarket trading after the company topped Q2 earnings expectations.
2. 2Adjusted EPS of $0.37 beat estimates by $0.07 (vs. $0.30 expected); revenue of $1.79 billion, up 3.8% year-over-year.
3. 3Raises full-year net revenue growth guidance for the second consecutive quarter, from 1–3% to 2–4%, citing an early return to growth in retail demand and direct-to-consumer delivery.

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