07:48 AM EDT, 08/07/2025 (MT Newswires) -- Primo Brands ( PRMB ) reported Q2 adjusted net income Thursday of $0.36 per diluted share, up from $0.35 a year earlier.

Analysts polled by FactSet expected $0.41.

Net sales for the quarter ended June 30 was $1.73 billion, compared with $1.31 billion a year earlier.

Analysts surveyed by FactSet expected $1.81 billion.

For 2025, the company lowered its full-year 2025 net sales growth guidance to 0% to 1% from its previous estimate of 3% to 5%. Analysts polled by FactSet expect $6.96 billion.

The company also announced the Board has approved a share repurchase program of up to $250 million of Class A common stock.

The company's shares were down 10% in recent premarket activity on Thursday.