Primo Brands Corporation Q4 2025 Earnings Call Summary

Performance in Q4 was characterized by an improved recovery pace in the direct delivery business and continued market share gains in the retail sector. Management attributes the 2025 revenue decline primarily to integration-related disruptions in the customer direct channel and the strategic exit from the office coffee services business. The 'Customer Direct' recovery is being driven by stabilizing the supply chain, improving warehouse management, and reducing customer churn to pre-merger levels. St ...