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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.
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