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BellRing Brands, Inc. (NYSE: BRBR) is a prominent manufacturer and seller of nutrition products in the United States and internationally. Founded in 2019 and headquartered in Saint Louis, Missouri, the company operates as a subsidiary of Post Holdings, Inc. BellRing Brands has swiftly emerged as a leader in the global convenient nutrition category.
The company offers a diverse range of products including ready-to-drink (RTD) protein shakes, powders, nutrition bars, and supplements. These products are marketed under well-known brands such as Premier Protein, Dymatize, PowerBar, Joint Juice, and Supreme Protein. BellRing Brands ensures its products are accessible by distributing through multiple channels including club, food, drug, mass, convenience, specialty, and ecommerce. Furthermore, the company utilizes a broker network for convenience, grocery, and mass channels, and distributors for specialty channels.
In recent developments, BellRing has shown strong financial performance. For the fiscal year 2023, the company reported net sales of $1,666.8 million, a 21.5% increase from the prior year. Notably, net sales of Premier Protein increased by 24.8%, driven by a 14.1% improvement in price/mix and a 10.7% increase in volume. Dymatize also saw a 10.8% increase in net sales. The company's gross profit rose to $530.2 million, attributed to strategic pricing actions that mitigated input cost inflation and favorable freight rates.
BellRing Brands has been proactive in expanding its product portfolio and market presence. The company has launched new shake flavors and promotional activities, significantly boosting household penetration and market share for Premier Protein. Dymatize has also experienced robust growth, benefiting from new household acquisitions and increased distribution.
The company has made strategic decisions to optimize its business operations. During the fourth quarter of 2023, BellRing decided to discontinue its PowerBar business in North America, which generated net sales of $7.7 million in fiscal 2023. This move is expected to streamline the company's focus on its core brands and improve overall efficiency.
BellRing Brands' commitment to sustainability and consumer health is evident in its product offerings, delivering best-in-class nutritionals and superior taste. With a strong outlook for fiscal year 2024, BellRing management expects net sales to range between $1.93-$1.99 billion and Adjusted EBITDA to range between $400-$420 million, indicating continued growth and profitability.
For more information about BellRing Brands, visit their website.
BellRing Brands (NYSE:BRBR) reported its Q4 and fiscal year 2024 financial results. In Q4, the company achieved net sales of $555.8 million, operating profit of $112.1 million, and net earnings of $71.7 million. For the full fiscal year 2024, BellRing posted net sales of $1,996.2 million, operating profit of $387.7 million, and net earnings of $246.5 million. The company generated $199.6 million in cash from operations. Looking ahead to fiscal 2025, BellRing expects net sales between $2.24-$2.32 billion and Adjusted EBITDA between $460-$490 million.
BellRing Brands (NYSE:BRBR) has scheduled its fourth quarter and fiscal year 2024 earnings conference call for Tuesday, November 19, 2024, at 9:00 a.m. EST. The company will release its financial results after market close on Monday, November 18, 2024. President and CEO Darcy H. Davenport and CFO Paul A. Rode will participate in the call to discuss financial results and the fiscal year 2025 outlook. Interested parties can register for the call through a provided link and access the webcast through BellRing's Investor Relations website.
BellRing Brands, Inc. (NYSE:BRBR) reported strong results for the third fiscal quarter ended June 30, 2024. The company, operating in the global convenient nutrition category, achieved net sales of $515.4 million and an operating profit of $111.6 million. Net earnings reached $73.7 million, while Adjusted EBITDA stood at $119.5 million.
Following these robust results, BellRing has raised its fiscal year 2024 outlook. The company now projects net sales to be between $1.96 billion and $2.00 billion, with an Adjusted EBITDA range of $430 million to $440 million. This upward revision in guidance signals confidence in BellRing's continued growth and performance in the convenient nutrition market.
BellRing Brands (NYSE: BRBR) has announced a conference call scheduled for August 6, 2024, at 9:00 a.m. EDT to discuss their financial results for the third quarter of fiscal year 2024 and their fiscal year 2024 outlook. The financial results will be released after market close on August 5, 2024. Darcy H. Davenport, CEO, and Paul A. Rode, CFO, will lead the discussion and address questions. Interested parties can join the call by registering in advance via the provided link. A webcast of the call will be available on BellRing's Investor Relations webpage, with a replay accessible for a time.
BellRing Brands reported strong financial results for the second quarter of fiscal year 2024, with net sales of $494.6 million, operating profit of $91.0 million, net earnings of $57.2 million, and Adjusted EBITDA of $103.7 million. The company also raised its fiscal year 2024 net sales outlook to $1.93-$1.99 billion and Adjusted EBITDA outlook to $400-$420 million.
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