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Can Primo Brands' Purified Water Sales Accelerate Further?

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Key Takeaways

  • PRMB purified water sales rose 1.9%, regional spring water gained 4.1% and premium brands grew 30.5%.
  • Distribution expansion, brand building and innovation are key priorities to sustain retail growth.
  • PRMB is targeting cold consumption growth through stronger shelf presence, promotions and strategic pricing.

Primo Brands Corporation (PRMB - Free Report) is benefiting from broad-based retail growth, with purified water contributing to higher sales. In the second quarter of 2026, the company’s purified water net sales increased 1.9% year over year. Regional spring water sales also rose 4.1% and premium brands grew 30.5%. The performance supported continued value and volume share gains in the bottled water category.

The company is pursuing several initiatives to sustain retail growth, including expanding distribution, strengthening brand building and innovation and improving in-store execution. Management also sees meaningful opportunities in cold and immediate consumption, a high-growth, high-margin segment where Primo Brands remains underpenetrated. These initiatives could help improve product visibility and capture additional consumer demand.

Primo Brands is also focusing on a more strategic revenue growth management approach across price points, packages and channels. Its portfolio spans affordable options, including Pure Life, regional spring waters and premium offerings. Management believes this broad portfolio positions the company to serve consumers across different purchasing occasions while balancing pricing and volume growth.

In the second quarter, retail sales growth was broad-based across channels, led by mass, grocery and Away From Home. Management highlighted continued distribution expansion and strong performance across multiple brands, while emphasizing opportunities to improve shelf presence, promotional activity and display inventory. These initiatives are expected to remain central to the company’s retail growth strategy.

Overall, Primo Brands’ expanding distribution, brand-building initiatives and focus on in-store execution provide a solid foundation for further growth in purified water sales, while opportunities in cold and immediate consumption could support additional upside.

The Zacks Rundown for PRMB

Primo Brands' shares have lost 2.8% in the past six months against the industry’s growth of 4.8%. 

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Image Source: Zacks Investment Research

From a valuation standpoint, PRMB trades at a forward price-to-earnings ratio of 13.57, lower than the industry’s average 18.99. The company currently carries a Zacks Rank #3 (Hold).

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Image Source: Zacks Investment Research

The Zacks Consensus Estimate for PRMB’s current and next fiscal-year earnings implies year-over-year growth of 1.5% and 14.2%, respectively.

Zacks Investment Research
Image Source: Zacks Investment Research

Stocks to Consider

Some better-ranked stocks have been discussed below:

Monster Beverage Corporation (MNST - Free Report) engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. MNST currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for MNST’s current fiscal-year sales and earnings indicates growth of 16.9% and 7.8%, respectively, from the year-ago reported figures. MNST delivered a trailing four-quarter earnings surprise of 30.4% on average.

Chagee Holdings Limited (CHA - Free Report) offers classic espresso-based drinks, energy drinks and savory and sweet items under the all-day breakfast brand. CHA currently carries a Zacks Rank #2 (Buy).

The Zacks Consensus Estimate for CHA’s current fiscal-year sales and earnings implies growth of 14.5% and 2.8%, respectively, from the year-ago actuals. CHA delivered a trailing four-quarter negative earnings surprise of 2% on average.

The Coca-Cola Company (KO - Free Report) offers classic espresso-based drinks, energy drinks, and savory and sweet items under the all-day breakfast brand. KO currently carries a Zacks Rank #2.

The Zacks Consensus Estimate for KO’s current fiscal-year sales and earnings implies growth of 4% and 10%, respectively, from the year-ago actuals. KO delivered a trailing four-quarter earnings surprise of 4.6% on average.

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