NYSE$BRBR

BellRing Brands Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported results for the fourth quarter and fiscal year 2020.

BellRing Brands reported a 31.7% increase in net sales for the fourth quarter, reaching $282.6 million. Operating profit increased by 36.1% to $49.0 million, and net earnings available to Class A common stockholders were $10.0 million. Adjusted EBITDA increased by 22.5% to $56.7 million.

  • Fourth quarter net sales reached $282.6 million.
  • Operating profit for the quarter was $49.0 million.
  • Net earnings available to Class A common stockholders amounted to $10.0 million.
  • Adjusted EBITDA for the quarter was $56.7 million.

Headline financials

Total Revenue

$283M

Previous: $215M+31.7%
EPS (adj)

$0.25

Previous: $0.84-70.2%
Volume growth

40.6%

No prior period
Net Income

$10M

No prior period
Operating Income

$49M

No prior period
Gross Profit

$89.8M

No prior period
Cash & Equivalents

$48.7M

No prior period
Total Assets

$654M

No prior period
Stock-Based Comp

$700K

No prior period

Revenue & EPS history

BellRing · Revenue · Quarterly

$283M

Q4 2020+31.7%vs Q4 2019
Beat estimate in 6 of 9 quarters(67%)
ActualEstimate

Forward guidance

For fiscal year 2021, BellRing management expects 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).

Tailwinds

  • Net sales growth to be high single digits in the first half of 2021 and mid teens in the second half of 2021.
  • Adjusted EBITDA growth to occur entirely in the second half of 2021, resulting from the timing of material and logistics cost increases, as well as incremental investments in brand building.
  • Quarterly Adjusted EBITDA pacing in the first half of 2021 to be similar to 2020.
  • Management expects 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 Q4 2020

Historical avgQ4 2020

-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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