BellRing Q3 2022 Earnings Report
Key Takeaways
BellRing Brands reported net sales of $370.6 million, an 8.2% increase compared to the prior year period. Operating profit was $67.5 million, a 31.1% increase compared to the prior year period. The company updated its fiscal year 2022 net sales guidance to $1.39-$1.42 billion and Adjusted EBITDA guidance to $262-$268 million.
Third quarter net sales reached $370.6 million.
Operating profit was $67.5 million; net earnings available to common stockholders were $39.1 million.
Adjusted EBITDA totaled $80.8 million.
Fiscal year 2022 net sales guidance updated to $1.39-$1.42 billion and Adjusted EBITDA guidance updated to $262-$268 million.
BellRing
BellRing
Forward Guidance
BellRing management has updated its guidance range for net sales to range between $1.39-$1.42 billion and Adjusted EBITDA to range between $262-$268 million (resulting in net sales and Adjusted EBITDA growth of 11%-14% and 12%-15%, respectively, over fiscal year 2021). BellRing management expects fiscal year 2022 capital expenditures of approximately $3 million.