Primo Water(PRMW) - 2023 Q4 - Earnings Call Transcript

Yes, John, thanks. This is David. It is. So ARO would be a natural outcome of the business model gaining the volumetric growth that comes either from the Water Direct side of the business or the water exchange growth that comes out through our retail relationships. There is a natural ceiling, but as a reminder, inside that, that is a route average on a roughly 2,000 route basis. Yes. I guess maybe it should be better said is that's a long-term ceiling we hope to remain below. We have no immediate needs in t ...