Primo Water Corporation (PRMW), Tuesday reported second-quarter net loss of $26.3 million or $1.11 per share, compared to $2.0 million or $0.10 per share in the same period last year.
Adjusted net loss for the quarter was $0.7 million or $0.03 per share, compared to $0.3 million or $0.01 per share last year.
Total net sales for the quarter grew 20.6 percent to $25.0 million from $20.7 million last year, reflecting growth in both water and dispenser sales.
The company now expects full year 2012 net sales to increase to a range of $94.0 million to $100.0 million. The company now expects full year loss of $1.37 to $1.44 per share, and adjusted loss of $0.14 to $0.18 per share.
The company expects third quarter net sales of $26.0 million to $28.0 million, loss of $0.05 to $0.08 per share and adjusted loss of $0.02 to $0.04 per share.
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