earnings
confidence high
sentiment positive
materiality 0.80
BellRing Q1 net sales $362.7M (+18.3%); raises FY Adj. EBITDA guidance to $306-$325M
BELLRING BRANDS, INC.
2023-Q1 EPS reported
$0.33
revenue$362,700,000
- Net sales $362.7M (+18.3% YoY); operating profit $75.2M (+48.6%); net earnings $44.2M (+439% YoY).
- Adjusted EBITDA $84.9M (+42.0%); diluted EPS $0.33 vs $0.21 prior year (GAAP and adjusted in line).
- FY2023 net sales guidance $1.56-$1.64B affirmed; Adj. EBITDA guidance raised to $306-$325M.
- Post completed exit of all BellRing ownership on Nov 25, 2022; no longer holds any shares.
- Premier Protein net sales +22.9%, Dymatize +2.5%; RTD consumption +15.1%, Dymatize powder +29.9%.