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Jun 30, 2023
BellRing Q3 2023 Earnings Report
BellRing Brands reported third quarter results, exceeding expectations with strong brand performance and raised fiscal year 2023 outlook.
Key Takeaways
BellRing Brands reported a strong third quarter with net sales of $445.9 million, a 20.3% increase year-over-year. The company's operating profit was $76.0 million, and net earnings available to common stockholders were $44.3 million. Due to this performance, the company raised its fiscal year 2023 net sales and Adjusted EBITDA guidance.
Net sales increased by 20.3% to $445.9 million.
Operating profit reached $76.0 million.
Net earnings available to common stockholders were $44.3 million.
Fiscal year 2023 net sales guidance raised to $1.63-$1.67 billion.
BellRing
BellRing
Forward Guidance
BellRing management raised its guidance range for net sales to $1.63-$1.67 billion from $1.61-$1.66 billion and Adjusted EBITDA to $330-$338 million from $320-$335 million.
Positive Outlook
- Net sales growth of 19%-22% over fiscal year 2022.
- Adjusted EBITDA growth of 22%-25% over fiscal year 2022.