BellRing Brands Inc (new)
BRBR
ISIN US07831C1036 / Valor 116868174
BellRing Brands Inc (new)
UMushroom community rating:
About company
BellRing Brands Inc is a company that oversees Premier Nutrition Company (PNC) in the US and Active Nutrition International (ANI) in Europe, which market and sell various nutritional products such as Premier Protein, Dymatize, and PowerBar. The company's products are distributed globally through various channels including Food, Drug, Mass, Convenience, Club, Specialty, Ecommerce, and Foodservice.
Summarized from source with an LLMView SourceSector: Consumer Non-CyclicalsLatest Results (20.08.2024):
Net Sales Growth
BellRing Brands Inc (new) reported net sales of $515.4 million for the third quarter of fiscal year 2024, marking a 15.6% increase compared to the same period in the previous year. This growth was driven by an 18.4% increase in volume, partially offset by a 2.8% decrease in price/mix.
Operating Profit and Net Earnings
For the third quarter of fiscal year 2024, BellRing Brands Inc (new) achieved an operating profit of $111.6 million and net earnings of $73.7 million. This represents a significant increase of 46.8% and 66.4%, respectively, compared to the prior year period.
Premier Protein Performance
Premier Protein, a key brand for BellRing Brands Inc (new), saw a 19.8% increase in net sales during the third quarter of fiscal year 2024. This was driven by a 19.2% increase in volume and a 0.6% increase in price/mix, with ready-to-drink shake net sales increasing by 18.5%.
Gross Profit and SG&A Expenses
BellRing Brands Inc (new) reported a gross profit of $189.9 million for the third quarter of fiscal year 2024, an increase of 39.6% compared to the prior year period. Selling, general, and administrative expenses were $74.0 million, up from $55.1 million in the previous year, driven by higher employee and marketing expenses.
Raised Fiscal Year Outlook
Based on strong third-quarter performance, BellRing Brands Inc (new) has raised its fiscal year 2024 net sales outlook to $1.96-$2.00 billion and Adjusted EBITDA outlook to $430-$440 million. This reflects expected growth rates of 18%-20% in net sales and 27%-30% in Adjusted EBITDA over fiscal year 2023.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
10360 M
Market cap (USD)
332,821
Daily traded volume (Shares)
76.64 / 75.05
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
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EPS (USD)
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Ratings & reviews
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