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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 its financial results for Q1 of fiscal 2023, reporting net sales of $362.7 million and an operating profit of $75.2 million. The company also posted net earnings of $44.2 million and an Adjusted EBITDA of $84.9 million. BellRing affirmed its sales guidance for FY 2023, estimating net sales between $1.56 billion and $1.64 billion. Additionally, the company raised its Adjusted EBITDA guidance to between $306 million and $325 million. Notably, Post Holdings has completed its exit from BellRing ownership.
BellRing Brands, Inc. (NYSE: BRBR) announced a conference call on February 7, 2023, at 9:00 a.m. EST to discuss its Q1 fiscal 2023 financial results and outlook. The financial results will be released after market close on February 6, 2023. The call, featuring CEO Darcy H. Davenport and CFO Paul A. Rode, aims to address questions from investors. Interested parties can join by phone or via a webcast on BellRing's Investor Relations website. A replay will be available until February 14, 2023.
BellRing Brands (NYSE:BRBR) has authorized a new $50 million share repurchase program, commencing December 5, 2022. This follows approximately $45 million in repurchases made under a prior program. The company will execute repurchases on the open market and through various methods, although it retains the discretion to pause or halt these repurchases at any time. Influencing factors include liquidity, stock prices, and market conditions. This initiative reflects BellRing's confidence in enhancing shareholder value while managing financial strategies amid market uncertainties.
BellRing Brands reported strong fourth quarter and fiscal year 2022 results, with net sales reaching $379.2 million for Q4 and $1.37 billion for the fiscal year, marking a growth of 11.5% and 10.0%, respectively. Operating profit was $61.1 million in Q4 and $212.4 million for the year. Increased sales were driven by Premier Protein and Dymatize brands, despite some volume declines. Adjusted EBITDA for the year was $271.4 million. The company anticipates fiscal year 2023 net sales between $1.56-$1.64 billion and Adjusted EBITDA of $300-$325 million.
BellRing Brands, Inc. (NYSE:BRBR) will host a conference call on November 18, 2022, at 10:30 a.m. EST to discuss Q4 and FY 2022 financial results, along with the FY 2023 outlook. The financial results will be released after market close on November 17, 2022. Participants can join by calling (800) 245-3047 or through a webcast on the company's website. A replay will be available until November 25, 2022. BellRing Brands is recognized for its ready-to-drink protein products, notably Premier Protein and Dymatize.
BellRing Brands, Inc. (NYSE: BRBR) announced the pricing of its public offering of 14,800,000 shares of common stock at $23.50 per share, an increase from the previously planned 10,808,473 shares. The sale is being conducted by Post Holdings, Inc., BellRing's former parent, as part of an exchange for indebtedness held by term loan lenders. BellRing will repurchase 800,000 shares from this offering. Post will retain 4,597,339 shares after the offering closes on August 11, 2022.
BellRing Brands (NYSE: BRBR) announced an underwritten offering of 10,808,473 shares of its common stock, currently owned by Post Holdings, Inc., BellRing's former parent. The offering will allow Post to exchange shares for certain indebtedness held by J.P. Morgan and others, while BellRing will not receive any proceeds. Following the offering, Post will retain 8,588,866 shares. Additionally, BellRing plans to repurchase 800,000 shares from the underwriters at the offering price. The offering is subject to SEC regulations and will be made through various market transactions.
BellRing Brands, Inc. (NYSE:BRBR) reported strong financial results for Q3 2022, with net sales of $370.6 million, an 8.2% increase from the previous year. Operating profit rose 31.1% to $67.5 million, while net earnings available to common stockholders surged 311.6% to $39.1 million.
The company updated its fiscal year 2022 guidance, projecting net sales between $1.39 billion and $1.42 billion and Adjusted EBITDA between $262 million and $268 million, reflecting expected growth of up to 15% year-over-year.
BellRing Brands, Inc. (NYSE:BRBR) will hold a conference call on August 5, 2022, at 10:30 a.m. EDT to discuss its third quarter financial results for fiscal year 2022 and provide an outlook. The financial results will be released after market close on August 4, 2022. The call features President and CEO Darcy H. Davenport and CFO Paul A. Rode, and interested parties can join by phone or via a webcast on the company's website. A replay will be available until August 13, 2022.
BellRing Brands, Inc. (NYSE:BRBR) announced a $50 million share repurchase program over the next two years, following its spin-off from Post Holdings on March 10, 2022. This authorization allows for share repurchases in various methods but does not obligate the company to purchase any specific number of shares. Factors such as liquidity and market conditions will influence the timing and amount of these repurchases. Forward-looking statements included in the release highlight the potential risks and uncertainties that could impact this initiative.
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