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BellRing Brands(BRBR) - 2024 Q2 - Earnings Call Presentation
2024-05-07 18:08
● The convenient nutrition category continued growth (+5%)1, with strong ready-to-drink ("RTD") growth partly offset by slowing growth in powders and bars. Premier Protein RTD Shake Growth Strong Across All Channels 654 890 8280 40 45 50 55 60 65 70 75 80 85 0 200 400 600 800 1,000 TDPs % ACV Q1 Q2 Q3 Q4 Q1 Q2 +59% +122% +86% +55% +66% +52% YOY % Δ Notes: ● Premier Protein RTD shake consumption was up (+29%)2in Q2 FY2024. ○ RTD shake market share remained strong (21%)1 and total distribution points ("TDPs") ...
BellRing Brands(BRBR) - 2024 Q2 - Earnings Call Transcript
2024-05-07 18:07
In closing, we're pleased with our first half momentum. Our strong first half results give us greater confidence in our full year outlook and long-term growth prospects. I think you mentioned that non-promoted sales of Premier did quite well this quarter too. And I'm just curious if I heard you right there, what do you attribute the acceleration kind of in those base products to, in light of how well the promoted products did at the same time? Is there a natural correlation between the two just in terms of ...
BellRing Brands(BRBR) - 2024 Q2 - Quarterly Report
2024-05-07 17:21
Emerging growth company ☐ Table of Contents Large accelerated filer ☒ Accelerated filer ☐ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 __________________ FORM 10-Q __________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 1- ...
BellRing Brands (BRBR) Q2 Earnings and Revenues Top Estimates
Zacks Investment Research· 2024-05-06 23:11
BellRing Brands (BRBR) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 32.35%. A quarter ago, it was expected that this nutritional supplements company would post earnings of $0.39 per share when it actually produced earnings of $0.43, delivering a surprise of 10.26%.Over the last fou ...
BellRing Brands(BRBR) - 2024 Q2 - Quarterly Results
2024-05-06 21:01
Adjusted EBITDA* was $204.2 million, an increase of 33.6%, or $51.3 million, compared to $152.9 million in the prior year period. Outlook BellRing provides Adjusted EBITDA guidance only on a non-GAAP basis and does not provide a reconciliation of its forwardlooking Adjusted EBITDA non-GAAP guidance measure to the most directly comparable GAAP measure due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation, including adjustments that could be m ...
BellRing Brands Reports Results for the Second Quarter of Fiscal Year 2024; Raises Fiscal Year 2024 Outlook
Newsfilter· 2024-05-06 21:00
ST. LOUIS, May 06, 2024 (GLOBE NEWSWIRE) --  BellRing Brands, Inc. (NYSE:BRBR) ("BellRing"), a holding company operating in the global convenient nutrition category, today reported results for the second fiscal quarter ended March 31, 2024. Highlights: Second quarter net sales of $494.6 millionOperating profit of $91.0 million, net earnings of $57.2 million and Adjusted EBITDA* of $103.7 millionRaised fiscal year 2024 net sales outlook to $1.93-$1.99 billion and Adjusted EBITDA* outlook to $400-$420 million ...
3 Reasons Why Growth Investors Shouldn't Overlook BellRing Brands (BRBR)
Zacks Investment Research· 2024-03-20 17:46
Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Gr ...
BellRing Brands Inc. (BRBR) Hits Fresh High: Is There Still Room to Run?
Zacks Investment Research· 2024-03-05 15:15
Have you been paying attention to shares of BellRing Brands (BRBR) ? Shares have been on the move with the stock up 3.5% over the past month. The stock hit a new 52-week high of $61.11 in the previous session. BellRing Brands has gained 7.6% since the start of the year compared to the 7.5% move for the Zacks Medical sector and the 7.4% return for the Zacks Medical - Products industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our earnin ...
BellRing Brands Announces New Share Repurchase Authorization of $300 Million
Newsfilter· 2024-02-29 22:00
ST. LOUIS, Feb. 29, 2024 (GLOBE NEWSWIRE) -- BellRing Brands, Inc. (NYSE:BRBR) today announced its Board of Directors approved a $300 million share repurchase authorization over the next two years, with share repurchases under the new authorization beginning on March 11, 2024. Subsequent to December 31, 2023 and as of February 29, 2024, BellRing repurchased 0.2 million shares of its common stock for $12.3 million at an average price of $53.58 per share. As of February 29, 2024, BellRing had repurchased appr ...
Is BellRing Brands (BRBR) a Solid Growth Stock? 3 Reasons to Think "Yes"
Zacks Investment Research· 2024-02-26 18:46
Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the task of finding cutting-edge growth stocks i ...