Bellring Brands Inc Stock Price, News & Analysis

BellRing Brands (NYSE: BRBR) announced an underwritten offering of 10,808,473 shares of its common stock, currently owned by Post Holdings, Inc., BellRing's former parent. The offering will allow Post to exchange shares for certain indebtedness held by J.P. Morgan and others, while BellRing will not receive any proceeds. Following the offering, Post will retain 8,588,866 shares. Additionally, BellRing plans to repurchase 800,000 shares from the underwriters at the offering price. The offering is subject to SEC regulations and will be made through various market transactions.

BellRing Brands, Inc. (NYSE:BRBR) reported strong financial results for Q3 2022, with net sales of $370.6 million, an 8.2% increase from the previous year. Operating profit rose 31.1% to $67.5 million, while net earnings available to common stockholders surged 311.6% to $39.1 million.

The company updated its fiscal year 2022 guidance, projecting net sales between $1.39 billion and $1.42 billion and Adjusted EBITDA between $262 million and $268 million, reflecting expected growth of up to 15% year-over-year.

BellRing Brands, Inc. (NYSE:BRBR) will hold a conference call on August 5, 2022, at 10:30 a.m. EDT to discuss its third quarter financial results for fiscal year 2022 and provide an outlook. The financial results will be released after market close on August 4, 2022. The call features President and CEO Darcy H. Davenport and CFO Paul A. Rode, and interested parties can join by phone or via a webcast on the company's website. A replay will be available until August 13, 2022.

BellRing Brands, Inc. (NYSE:BRBR) announced a $50 million share repurchase program over the next two years, following its spin-off from Post Holdings on March 10, 2022. This authorization allows for share repurchases in various methods but does not obligate the company to purchase any specific number of shares. Factors such as liquidity and market conditions will influence the timing and amount of these repurchases. Forward-looking statements included in the release highlight the potential risks and uncertainties that could impact this initiative.

BellRing Brands, Inc. (NYSE:BRBR) reported strong Q2 fiscal results ending March 31, 2022, with net sales reaching $315.2 million, an 11.7% increase year-over-year. Operating profit rose 112.8% to $33.2 million, while net earnings available to common stockholders increased 116.7% to $1.3 million. The company raised its fiscal year 2022 guidance for net sales to $1.39-$1.43 billion and Adjusted EBITDA to $258-$268 million. Despite challenges like rising raw material costs, gross profit margin stayed flat at 27.6%.

BellRing Brands, Inc. (NYSE:BRBR) will hold a conference call on May 6, 2022, at 10:30 a.m. EDT to discuss its second quarter financial results for fiscal year 2022, along with the company's outlook. The results will be released after market close on May 5, 2022. The call will feature CEO Darcy H. Davenport and CFO Paul A. Rode, and interested parties can join by dialing specified numbers or through a webcast on BellRing's website. A replay will be available until May 13, 2022.

BellRing Brands, Inc. (NYSE:BRBR) announced that its stockholders have approved the merger agreement related to Post Holdings, Inc.'s planned spin-off of 80.1% of its interest in BellRing. This vote was necessary to fulfill a closing condition for the transaction. The merger and distribution are anticipated to occur after market close on March 10, 2022, pending remaining conditions. However, risks and uncertainties remain, including potential delays and impacts from global issues like the Ukraine conflict and COVID-19.

BellRing Brands, Inc. (NYSE:BRBR) announced a cash distribution of approximately $2.97 per share to current stockholders following Post Holdings, Inc.’s anticipated spin-off. The total cash consideration for BellRing stockholders is reported to be around $405.0 million. Each share of Class A common stock will convert into shares of New BellRing common stock, which will continue trading under the ticker BRBR. However, there’s no guarantee that the proposed transactions will be completed as planned, with various risks and uncertainties highlighted.

BellRing Brands, Inc. (NYSE:BRBR) reported first-quarter results for FY2022, with net sales of $306.5 million, an 8.5% increase year-over-year. Operating profit was $50.6 million, and net earnings available to Class A stockholders reached $8.2 million. The company reaffirmed FY2022 sales guidance of $1.36-$1.41 billion and Adjusted EBITDA guidance of $255-$265 million. Challenges included higher raw material costs and reduced promotional activity, affecting sales volumes. Additionally, Post Holdings plans to distribute 80.1% of its stake in BellRing to shareholders.