NYSE$BRBR

BellRing Brands Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported results for the first fiscal quarter, showing increased net sales and operating profit.

BellRing Brands reported a net sales increase of 15.7% to $282.4 million and an operating profit of $47.8 million for the first quarter ended December 31, 2020. The company reaffirmed its fiscal year 2021 net sales guidance of $1.07-$1.12 billion and Adjusted EBITDA guidance of $207-$217 million.

  • Net sales reached $282.4 million, marking a 15.7% increase compared to the prior year period.
  • Operating profit amounted to $47.8 million, with net earnings available to Class A common stockholders at $7.8 million and Adjusted EBITDA at $60.7 million.
  • Premier Protein net sales increased by 17.4%, driven by volume growth of 21.9%.
  • The company reaffirmed its fiscal year 2021 net sales guidance of $1.07-$1.12 billion and Adjusted EBITDA guidance of $207-$217 million.

Headline financials

Total Revenue

$282M

Previous: $244M+15.7%
EPS (adj)

$0.23

Previous: $0.16+43.8%
Volume growth

21.9%

Previous: 38.4%-43.0%
Free Cash Flow

$7.8M

Previous: $6M+30.0%
Net Income

$7.8M

Previous: $6M+30.0%
Operating Income

$47.8M

Previous: $49.3M-3.0%
Gross Profit

$91.9M

Previous: $91.3M+0.7%
Cash & Equivalents

$50.8M

Previous: $29.9M+69.9%
Total Assets

$681M

Previous: $671M+1.5%
Stock-Based Comp

$1.1M

Previous: $300K+266.7%

Revenue & EPS history

BellRing · Revenue · Quarterly

$282M

Q1 2021+15.7%vs Q1 2020
Beat estimate in 6 of 9 quarters(67%)
ActualEstimate

Forward guidance

BellRing management continues to expect net sales and Adjusted EBITDA to grow 8%-13% and 5%-10%, respectively, over fiscal year 2020 (resulting in a net sales range of $1.07-$1.12 billion and an Adjusted EBITDA range of $207-$217 million) and capital expenditures of approximately $4 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-2.1%

Avg return

Earnings day

+1.2%

Avg return

5 days after

+3.4%

Avg return

30 days after

50%

13 / 26 earnings

Positive

+15.4%

Q2 2020

Best reaction

-39.1%

Q2 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-39.1%-11.8%-17.6%
Q1 2026-14.3%-20.0%-30.4%
Q4 2025+2.6%+16.2%+14.3%
Q2 2025-18.9%-22.5%-21.4%
Q1 2025-4.3%-2.2%-12.6%
Q4 2024+1.6%+9.0%+4.7%
Q3 2024+6.2%+9.8%+13.2%
Q2 2024+1.8%+4.2%+6.3%
Q1 2024+0.0%+4.5%+6.1%
Q4 2023+7.2%+10.1%+21.6%
Q3 2023+4.9%+4.2%+14.1%
Q2 2023-1.4%-0.5%-2.2%
Q1 2023+3.6%+4.9%+7.0%
Q4 2022-10.0%-3.5%-1.4%
Q3 2022-2.0%-7.0%-9.0%
Q2 2022+13.1%+10.9%+20.1%
Q1 2022-4.3%+9.4%+7.5%
Q4 2021-10.6%-4.0%+3.4%
Q3 2021-7.2%-5.2%+4.5%
Q2 2021+2.8%+8.4%+12.8%
Q1 2021-1.0%-1.3%-4.9%
Q4 2020+3.4%+2.4%+18.3%
Q3 2020-4.3%-8.7%-5.2%
Q2 2020+15.4%+24.5%+38.4%
Q1 2020-6.5%-3.4%-15.1%
Q4 2019+5.5%+3.8%+14.6%
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2017

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