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Dec 31, 2023
BellRing Q1 2024 Earnings Report
BellRing reported strong first quarter results, exceeding expectations due to increased shake supply and demand, particularly for Premier Protein. The company raised its fiscal year 2024 outlook.
Key Takeaways
BellRing Brands reported a strong first quarter with net sales of $430.4 million, driven by volume growth in Premier Protein and Dymatize. The company raised its full-year outlook for net sales to $1.87-$1.95 billion and Adjusted EBITDA to $375-$400 million.
First quarter net sales reached $430.4 million.
Operating profit was $73.0 million, with net earnings at $43.9 million.
Adjusted EBITDA was $100.5 million.
Fiscal year 2024 net sales outlook raised to $1.87-$1.95 billion and Adjusted EBITDA outlook raised to $375-$400 million.
BellRing
BellRing
Forward Guidance
BellRing management has raised its guidance range for net sales to $1.87-$1.95 billion and Adjusted EBITDA to $375-$400 million for fiscal year 2024.
Positive Outlook
- Net sales growth of 12%-17% over fiscal year 2023.
- Adjusted EBITDA growth of 11%-18% over fiscal year 2023.