NYSE$BRBR
BellRing Brands Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
BellRing reported a strong second quarter performance, exceeding expectations with robust consumption growth in Premier Protein and Dymatize, and raised its fiscal year 2023 outlook.
BellRing Brands reported a strong second quarter with net sales of $385.6 million, a 22.3% increase year-over-year. Operating profit reached $58.0 million, and net earnings available to common stockholders were $30.9 million. The company raised its fiscal year 2023 net sales guidance to $1.61-$1.66 billion and Adjusted EBITDA guidance to $320-$335 million.
- Net sales increased by 22.3% to $385.6 million, driven by price/mix and volume improvements.
- Operating profit grew by 74.7% to $58.0 million.
- Premier Protein and Dymatize experienced robust consumption growth and gained market share.
- Fiscal year 2023 net sales guidance raised to $1.61-$1.66 billion and Adjusted EBITDA guidance to $320-$335 million.
Headline financials
Revenue & EPS history
BellRing · Revenue · Quarterly
$386M
Forward guidance
BellRing management has raised its guidance range for net sales to $1.61-$1.66 billion from $1.56-$1.64 billion and Adjusted EBITDA to $320-$335 million from $306-$325 million (resulting in net sales and Adjusted EBITDA growth of 17%-21% and 18%-23%, respectively, over fiscal year 2022). BellRing management now expects fiscal year 2023 capital expenditures of approximately $6 million.
Tailwinds
- Net sales guidance raised to $1.61-$1.66 billion.
- Adjusted EBITDA guidance raised to $320-$335 million.
- Net sales growth of 17%-21% over fiscal year 2022 expected.
- Adjusted EBITDA growth of 18%-23% over fiscal year 2022 expected.
- Fiscal year 2023 capital expenditures expected to be approximately $6 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 2023
-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
| Quarter | Report date | Reaction (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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