BellRing Q3 2020 Earnings Report
Key Takeaways
BellRing Brands reported a decrease in net sales by 14.1% to $204.2 million compared to the prior year period. Operating profit decreased by 42.0% to $30.6 million, and net earnings available to Class A common stockholders were $3.3 million. The company reaffirmed its fiscal year 2020 Adjusted EBITDA guidance range of $192-$202 million.
Net sales reached $204.2 million.
Operating profit was $30.6 million, with net earnings available to Class A common stockholders at $3.3 million and Adjusted EBITDA at $38.5 million.
Premier Protein net sales declined 11.9%, impacted by inventory adjustments and reduced on-the-go consumption.
Fiscal year 2020 Adjusted EBITDA guidance range reaffirmed at $192-$202 million.
BellRing
BellRing
Forward Guidance
BellRing management has reaffirmed its fiscal year 2020 Adjusted EBITDA range of between $192-$202 million. As a result of the impacts of the COVID-19 pandemic as described above, BellRing now expects net sales to range between $960-$980 million. Capital expenditures are expected to be approximately $3 million.