11:27 AM EST, 11/04/2025 (MT Newswires) -- Primo Brands ( PRMB ) is expected to see its Q3 top-line improve 1 to 1.5 points sequentially from -2.5% reported in Q2, RBC Capital Markets said in a Tuesday note.

Analysts at RBC said that data from its tracked channels indicated that Primo Brands' ( PRMB ) dollar sales growth was 2.4% in Q3, reflecting a sequential acceleration from Q2 and in the underlying 2-year average trend.

The data was further supportive of management's expectation of 2% growth for the retail business in H2 after recording a decline in Q2 on account of transitory headwinds, RBC said.

Additional data and feedback also showed that Primo Brands' ( PRMB ) delivery business is "moving in the right direction" following service disruptions caused by merger integrations, RBC said.

Primo Brands ( PRMB ) is scheduled to report its Q3 results on Thursday.

RBC maintained the company's rating as outperform with a $37 price target.

Price: 22.07, Change: +0.09, Percent Change: +0.39