NYSE$BRBR

BellRing Brands Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

BellRing reported strong first quarter results, exceeding expectations due to increased shake supply and demand, particularly for Premier Protein. The company raised its fiscal year 2024 outlook.

BellRing Brands reported a strong first quarter with net sales of $430.4 million, driven by volume growth in Premier Protein and Dymatize. The company raised its full-year outlook for net sales to $1.87-$1.95 billion and Adjusted EBITDA to $375-$400 million.

  • First quarter net sales reached $430.4 million.
  • Operating profit was $73.0 million, with net earnings at $43.9 million.
  • Adjusted EBITDA was $100.5 million.
  • Fiscal year 2024 net sales outlook raised to $1.87-$1.95 billion and Adjusted EBITDA outlook raised to $375-$400 million.

Headline financials

Total Revenue

$430M

Previous: $363M+18.7%
EPS

$0.33

Previous: $0.33+0.0%
Volume growth

19.0%

Previous: 2.9%+555.2%
Free Cash Flow

$43.9M

Previous: $44.2M-0.7%
Net Income

$43.9M

Previous: $44.2M-0.7%
Operating Income

$73M

Previous: $75.2M-2.9%
Gross Profit

$148M

Previous: $122M+21.5%
Cash & Equivalents

$85M

Previous: $43.9M+93.6%
Total Assets

$716M

Previous: $735M-2.7%
Stock-Based Comp

$4.6M

Previous: $3.5M+31.4%

Revenue & EPS history

BellRing · Revenue · Quarterly

$430M

Q1 2024+18.7%vs Q1 2023
Beat estimate in 3 of 15 quarters(20%)
ActualEstimate

Forward guidance

BellRing management has raised its guidance range for net sales to $1.87-$1.95 billion and Adjusted EBITDA to $375-$400 million for fiscal year 2024.

Tailwinds

  • Net sales growth of 12%-17% over fiscal year 2023.
  • Adjusted EBITDA growth of 11%-18% over fiscal year 2023.

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 2024

Historical avgQ1 2024

-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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