BellRing Q3 2024 Earnings Report
Key Takeaways
BellRing Brands reported strong Q3 2024 results, exceeding expectations with net sales of $515.4 million and an operating profit of $111.6 million. Premier Protein achieved record household penetration and shake distribution, driving consumption growth. The company raised its full-year outlook for net sales to $1.96-$2.00 billion and Adjusted EBITDA to $430-$440 million.
Net sales for the third quarter reached $515.4 million, a 15.6% increase year-over-year.
Operating profit was $111.6 million, with net earnings of $73.7 million.
Premier Protein achieved all-time highs in household penetration and shake distribution points.
Full-year net sales outlook raised to $1.96-$2.00 billion and Adjusted EBITDA outlook raised to $430-$440 million.
BellRing
BellRing
Forward Guidance
BellRing management raised its guidance range for net sales to $1.96-$2.00 billion and Adjusted EBITDA to $430-$440 million for fiscal year 2024. Capital expenditures are expected to be approximately $4 million.
Positive Outlook
- Net sales outlook raised to $1.96-$2.00 billion.
- Adjusted EBITDA outlook raised to $430-$440 million.
- Net sales growth of 18%-20% over fiscal year 2023.
- Adjusted EBITDA growth of 27%-30% over fiscal year 2023.