BellRing Q1 2021 Earnings Report
Key Takeaways
BellRing Brands reported a net sales increase of 15.7% to $282.4 million and an operating profit of $47.8 million for the first quarter ended December 31, 2020. The company reaffirmed its fiscal year 2021 net sales guidance of $1.07-$1.12 billion and Adjusted EBITDA guidance of $207-$217 million.
Net sales reached $282.4 million, marking a 15.7% increase compared to the prior year period.
Operating profit amounted to $47.8 million, with net earnings available to Class A common stockholders at $7.8 million and Adjusted EBITDA at $60.7 million.
Premier Protein net sales increased by 17.4%, driven by volume growth of 21.9%.
The company reaffirmed its fiscal year 2021 net sales guidance of $1.07-$1.12 billion and Adjusted EBITDA guidance of $207-$217 million.
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BellRing Revenue by Segment
Forward Guidance
BellRing management continues to expect net sales and Adjusted EBITDA to grow 8%-13% and 5%-10%, respectively, over fiscal year 2020 (resulting in a net sales range of $1.07-$1.12 billion and an Adjusted EBITDA range of $207-$217 million) and capital expenditures of approximately $4 million.