Primo Water reports Q1 EPS 1c, consensus (2c)
Reports Q1 revenue $70M, consensus $69.78M. "We are pleased that our start to 2019 was in-line with our expectations driven by continued strength in our exchange and dispenser businesses in the first quarter," commented Matt Sheehan, Primo Water's President and Chief Executive Officer. "We remain a market leader in dispenser sales at retail and are enhancing our focus on both growing our sell-thru of dispensers and increasing the connectivity to our water as demonstrated by our unit sell-thru of 185,000 dispensers driven by robust consumer demand. Our team's operational and marketing focus, combined with the increasing water industry tailwinds, gives us excitement about our future opportunities and position us well for long-term growth."