BellRing Brands Inc · Q4 2023 earnings

Briefing

BellRing Brands reported results for the fourth quarter and fiscal year 2023.

BellRing Brands reported strong Q4 2023 results, with net sales of $472.6 million, operating profit of $78.1 million, and net earnings of $46.1 million, driven by growth in Premier Protein and Dymatize brands. The company's results came in at the high end of expectations, with Premier Protein consumption accelerating due to distribution gains, promotional activity, and flavor excitement.

• Fourth quarter net sales reached $472.6 million, with an operating profit of $78.1 million and net earnings of $46.1 million.
• Fiscal year net sales amounted to $1,666.8 million, yielding an operating profit of $287.3 million and net earnings of $165.5 million.
• Cash from operations for fiscal year 2023 totaled $215.6 million.
• Fiscal year 2024 net sales and Adjusted EBITDA* are expected to range between $1.83-$1.91 billion and $360-$390 million, respectively.

Headline financials

Revenue & EPS history

For fiscal year 2024, BellRing management expects net sales to range between $1.83-$1.91 billion and Adjusted EBITDA to range between $360-$390 million (resulting in net sales and Adjusted EBITDA growth of 10%-15% and 6%-15%, respectively, over fiscal year 2023).