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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, Inc. (NYSE:BRBR) announced a conference call scheduled for May 9, 2023, at 9:00 a.m. EDT, to discuss its financial results for Q2 FY 2023. The call will include insights on the company's fiscal outlook and will feature Darcy H. Davenport, President and CEO, and Paul A. Rode, CFO. Financial results will be released on May 8, 2023, after market close. BellRing is recognized in the global convenient nutrition sector with notable brands like Premier Protein® and Dymatize®. The company focuses on delivering high-quality nutritional products across multiple distribution channels including eCommerce and retail.
Crystal Farms Dairy Company is launching new Gouda and Sharp Cheddar cheese sticks targeted towards adults, expanding its snack offerings in Midwest grocery stores. With a suggested retail price of $4.69, these new flavors aim to cater to adult taste preferences while promoting the idea that cheese sticks are a viable snack option for all ages. The new products will be available at retailers such as Cub Foods and Piggly Wiggly in Minnesota and Wisconsin starting March 15, 2023. Crystal Farms emphasizes its commitment to high-quality dairy sourcing from local Midwest farms.
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