Primo Brands Corporation Class A (PRMB) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you. Thank you. Thank you. Welcome to the Primo Brands 2026 First Quarter Earnings Conference Call. I will now turn the call over to Tracy Mangini, Vice President, Investor Relations. Thank you, Operator, and hello, everyone. With me on the call today are Eric Foss, Chairman and Chief Executive Officer, and David Haas, Chief Financial Officer. Our discussion today includes forward-looking statements within the meaning of U.S. federal securities laws, which are subject to risks and uncertainties that may cause actual results to differ materially. For more information, please refer to the forward-looking statements disclosure in our earnings release. In addition, the definitions of an applicable reconciliation for any non-U.S. GAAP measures are included in our earnings release and the supplemental earnings slides, which were made available earlier today on the investor relations section of our website. With that, I'll pass it to you, Eric. Thanks, Tracy. Good morning, and thank you all for joining us. This morning, I'll provide a high-level review of our 2026 first quarter results. share with you an update on our progress on our direct delivery customer experience, and discuss the current operating environment and our key growth priorities. David will then take you through our financial results and our updated 2026 guidance. Let me begin by stating how encouraged we are by the strong start to 2026 and the momentum building broadly across the business. First quarter net sales of $1.63 billion were up 1.7% on a comparable basis versus prior year, marking a return to growth for Primo brands. Top-line performance was broad-based, driven by both price mix and volume. It was fueled by the strength of our brands in retail, particularly premium, and another quarter of se...