NYSE$BRBR

BellRing Brands Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported results for the second quarter of fiscal year 2021 and raised fiscal year 2021 outlook.

BellRing Brands reported a 9.6% increase in net sales to $282.1 million compared to the prior year period. Operating profit was $15.6 million, and net earnings available to Class A common stockholders were $0.6 million. The company raised its full-year net sales guidance to $1.17-$1.20 billion and adjusted EBITDA guidance to $214-$220 million.

  • Net sales increased by 9.6% to $282.1 million.
  • Operating profit was $15.6 million.
  • Net earnings available to Class A common stockholders totaled $0.6 million.
  • Fiscal year 2021 net sales guidance was raised to $1.17-$1.20 billion.

Headline financials

Total Revenue

$282M

Previous: $258M+9.6%
EPS (adj)

$0.15

Previous: $0.11+36.4%
Volume growth

7.4%

No prior period
Free Cash Flow

$600K

Previous: $4.2M-85.7%
Net Income

$600K

Previous: $4.2M-85.7%
Operating Income

$15.6M

Previous: $35.1M-55.6%
Gross Profit

$87M

Previous: $88.2M-1.4%
Cash & Equivalents

$33.2M

Previous: $76.7M-56.7%
Total Assets

$639M

Previous: $726M-11.9%
Stock-Based Comp

$1.1M

Previous: $800K+37.5%

Revenue & EPS history

BellRing · Revenue · Quarterly

$282M

Q2 2021+9.6%vs Q2 2020
Beat estimate in 7 of 10 quarters(70%)
ActualEstimate

Forward guidance

BellRing management has raised its guidance range for net sales to $1.17-$1.20 billion from $1.07-$1.12 billion and Adjusted EBITDA to $214-$220 million from $207-$217 million (resulting in net sales and Adjusted EBITDA growth of 18%-21% and 9%-12%, respectively, over fiscal year 2020).

Tailwinds

  • Net sales guidance raised to $1.17-$1.20 billion.
  • Adjusted EBITDA guidance raised to $214-$220 million.
  • Expects net sales growth of 18%-21% over fiscal year 2020.
  • Expects Adjusted EBITDA growth of 9%-12% over fiscal year 2020.
  • Fiscal year 2021 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 Q2 2021

Historical avgQ2 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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