Bellring Brands Inc Stock Price, News & Analysis

BellRing Brands reported strong fourth quarter results with net sales of $340.0 million, a 20.3% increase year-over-year. Operating profit reached $53.1 million, while net earnings for Class A stockholders were $9.7 million. For fiscal year 2021, net sales totaled $1,247.1 million, up 26.2% from the previous year, with adjusted EBITDA of $233.9 million. The company has established a partnership with Post to enhance RTD shake production capacity. Guidance for fiscal year 2022 anticipates net sales between $1.36-$1.41 billion.

BellRing Brands, Inc. (NYSE:BRBR) announced a conference call for November 19, 2021, at 10:30 a.m. EST to discuss its fourth-quarter and fiscal year 2021 financial results, along with the 2022 outlook. Financial results will be released after market close on November 18, 2021. CEO Darcy H. Davenport and CFO Paul A. Rode will lead the call. Interested parties can join via phone or listen to the webcast on the company's investor relations website. A replay will be available until November 26, 2021.

BellRing Brands reported its third fiscal quarter results for 2021, showcasing net sales of $342.6 million, a remarkable 67.8% increase year-over-year. Operating profit rose to $51.5 million, marking a 68.3% growth. Adjusted EBITDA also saw a significant jump of 83.1% to $70.5 million, prompting the company to raise its fiscal year sales guidance to $1.25-$1.28 billion. However, gross profit margins declined to 32.5% due to rising input costs. BellRing anticipates further growth, with fiscal 2022 projections for net sales growth of 10%-12%.

BellRing Brands, Inc. (NYSE:BRBR) is set to host a conference call on August 6, 2021, at 10:30 a.m. EDT to discuss its third-quarter financial results for fiscal 2021 and provide an outlook. The company plans to release its financial results post-market on August 5, 2021. The call will feature President and CEO Darcy H. Davenport and CFO Paul A. Rode. Interested participants can join via phone or by accessing the webcast on the company’s website. A replay of the call will be available until August 20, 2021.

BellRing Brands reported Q2 results with net sales of $282.1 million, up 9.6% year-over-year. Operating profit fell 55.6% to $15.6 million impacted by $17.7 million in accelerated amortization. Net earnings for Class A stockholders were $0.6 million, a drop of 85.7%. Adjusted EBITDA decreased 2.8% to $42.2 million. The company raised its fiscal year 2021 guidance for net sales to $1.17-$1.20 billion and Adjusted EBITDA to $214-$220 million.

BellRing Brands, Inc. (NYSE:BRBR) appointed Chonda Nwamu to its Board of Directors on May 5, 2021, expanding the board to six members. Ms. Nwamu, currently the Senior Vice President and General Counsel of Ameren Corporation, brings extensive legal experience, having led various legal functions since joining Ameren in 2016. She holds a Juris Doctor from the University of Pennsylvania and a Bachelor of Arts from the University of Virginia. Ms. Nwamu is also active in community service and advocates for diversity and inclusion.

BellRing Brands, Inc. (NYSE:BRBR) will discuss its Q2 fiscal 2021 financial results on a conference call scheduled for May 7, 2021, at 10:30 a.m. EDT. The company will release these results after market close on May 6, 2021. CEO Darcy H. Davenport and CFO Paul A. Rode will lead the call, which interested parties can join by calling (833) 954-1568 or accessing the webcast on BellRing’s website. A replay will be available until May 21, 2021. BellRing is a leader in the convenient nutrition category, with brands like Premier Protein® and Dymatize®.

BellRing Brands, Inc. (NYSE:BRBR) announced the completion of a repricing of its $636.2 million term loan via an amendment to its credit agreement. This change reduces the loan's interest rate by 100 basis points to Eurodollar Rate plus 4.00%, and lowers the Eurodollar Rate floor from 1.00% to 0.75%. The amendment is anticipated to decrease annual cash interest expenses by approximately $8 million, while the loan's maturity date remains unchanged at October 21, 2024.

BellRing Brands, Inc. (NYSE:BRBR) reported first fiscal quarter results for the period ending December 31, 2020. The company achieved net sales of $282.4 million, a 15.7% increase year-over-year. Premier Protein sales rose 17.4%, benefiting from distribution gains. Operating profit was $47.8 million, a 3.0% decline from the previous year. Adjusted EBITDA rose 3.6% to $60.7 million. BellRing reaffirmed fiscal 2021 net sales guidance of $1.07-$1.12 billion and Adjusted EBITDA of $207-$217 million.