Bellring Brands Inc Stock Price, News & Analysis

BellRing Brands, Inc. (NYSE:BRBR) announced a conference call scheduled for May 9, 2023, at 9:00 a.m. EDT, to discuss its financial results for Q2 FY 2023. The call will include insights on the company's fiscal outlook and will feature Darcy H. Davenport, President and CEO, and Paul A. Rode, CFO. Financial results will be released on May 8, 2023, after market close. BellRing is recognized in the global convenient nutrition sector with notable brands like Premier Protein® and Dymatize®. The company focuses on delivering high-quality nutritional products across multiple distribution channels including eCommerce and retail.

Crystal Farms Dairy Company is launching new Gouda and Sharp Cheddar cheese sticks targeted towards adults, expanding its snack offerings in Midwest grocery stores. With a suggested retail price of $4.69, these new flavors aim to cater to adult taste preferences while promoting the idea that cheese sticks are a viable snack option for all ages. The new products will be available at retailers such as Cub Foods and Piggly Wiggly in Minnesota and Wisconsin starting March 15, 2023. Crystal Farms emphasizes its commitment to high-quality dairy sourcing from local Midwest farms.

BellRing Brands, Inc. (NYSE:BRBR) announced its financial results for Q1 of fiscal 2023, reporting net sales of $362.7 million and an operating profit of $75.2 million. The company also posted net earnings of $44.2 million and an Adjusted EBITDA of $84.9 million. BellRing affirmed its sales guidance for FY 2023, estimating net sales between $1.56 billion and $1.64 billion. Additionally, the company raised its Adjusted EBITDA guidance to between $306 million and $325 million. Notably, Post Holdings has completed its exit from BellRing ownership.

BellRing Brands, Inc. (NYSE: BRBR) announced a conference call on February 7, 2023, at 9:00 a.m. EST to discuss its Q1 fiscal 2023 financial results and outlook. The financial results will be released after market close on February 6, 2023. The call, featuring CEO Darcy H. Davenport and CFO Paul A. Rode, aims to address questions from investors. Interested parties can join by phone or via a webcast on BellRing's Investor Relations website. A replay will be available until February 14, 2023.

BellRing Brands (NYSE:BRBR) has authorized a new $50 million share repurchase program, commencing December 5, 2022. This follows approximately $45 million in repurchases made under a prior program. The company will execute repurchases on the open market and through various methods, although it retains the discretion to pause or halt these repurchases at any time. Influencing factors include liquidity, stock prices, and market conditions. This initiative reflects BellRing's confidence in enhancing shareholder value while managing financial strategies amid market uncertainties.

BellRing Brands reported strong fourth quarter and fiscal year 2022 results, with net sales reaching $379.2 million for Q4 and $1.37 billion for the fiscal year, marking a growth of 11.5% and 10.0%, respectively. Operating profit was $61.1 million in Q4 and $212.4 million for the year. Increased sales were driven by Premier Protein and Dymatize brands, despite some volume declines. Adjusted EBITDA for the year was $271.4 million. The company anticipates fiscal year 2023 net sales between $1.56-$1.64 billion and Adjusted EBITDA of $300-$325 million.

BellRing Brands, Inc. (NYSE:BRBR) will host a conference call on November 18, 2022, at 10:30 a.m. EST to discuss Q4 and FY 2022 financial results, along with the FY 2023 outlook. The financial results will be released after market close on November 17, 2022. Participants can join by calling (800) 245-3047 or through a webcast on the company's website. A replay will be available until November 25, 2022. BellRing Brands is recognized for its ready-to-drink protein products, notably Premier Protein and Dymatize.