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Mar 31, 2024
BellRing Q2 2024 Earnings Report
Reported increased net sales and operating profit, driven by volume growth and net input cost deflation.
Key Takeaways
BellRing Brands reported a strong second quarter with net sales of $494.6 million, a 28.3% increase year-over-year. Operating profit increased by 56.9% to $91.0 million, and net earnings rose by 85.1% to $57.2 million. The company raised its full-year net sales outlook to $1.93-$1.99 billion and Adjusted EBITDA outlook to $400-$420 million.
Net sales increased by 28.3% to $494.6 million, driven by a 42.7% increase in volume.
Operating profit increased by 56.9% to $91.0 million.
Net earnings increased by 85.1% to $57.2 million.
Fiscal year 2024 net sales outlook raised to $1.93-$1.99 billion and Adjusted EBITDA outlook raised to $400-$420 million.
BellRing
BellRing
BellRing Revenue by Segment
Revenue by Segment
Shakes & Other Beverages Revenue
CapyFin.com Forward Guidance
For fiscal year 2024, BellRing management has raised its guidance range for net sales to $1.93-$1.99 billion (from $1.87-$1.95 billion) and Adjusted EBITDA to $400-$420 million (from $375-$400 million). BellRing management expects fiscal year 2024 capital expenditures of approximately $4 million.
Positive Outlook
- Net sales guidance raised to $1.93-$1.99 billion.
- Adjusted EBITDA guidance raised to $400-$420 million.
- Net sales growth of 16%-19% over fiscal year 2023 expected.
- Adjusted EBITDA growth of 18%-24% over fiscal year 2023 expected.
- Capital expenditures expected to be approximately $4 million.