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
Company Research
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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News
- Is It Time To Consider Buying Primo Water Corporation (TSE:PRMW)? [Yahoo! Finance]Yahoo! Finance
- Primo Water Announces Date for First Quarter 2024 Earnings Release and Details Relating to the 2024 Annual and Special Meeting of Shareowners [Yahoo! Finance]Yahoo! Finance
- Primo Water Announces Date for First Quarter 2024 Earnings Release and Details Relating to the 2024 Annual and Special Meeting of ShareownersPR Newswire
- The New Primo Water Has Momentum Primed For An Eventual Breakout [Seeking Alpha]Seeking Alpha
- Reasons to Add Primo Water (PRMW) to Your Portfolio Now [Yahoo! Finance]Yahoo! Finance
PRMW
Earnings
- 2/22/24 - Miss
PRMW
Sec Filings
- 3/28/24 - Form ARS
- 3/28/24 - Form DEFA14A
- 3/28/24 - Form DEF
- PRMW's page on the SEC website