Welcome to our dedicated page for Bellring Brands news (Ticker: BRBR), a resource for investors and traders seeking the latest updates and insights on Bellring Brands stock.
BellRing Brands, Inc. reports developments as a holding company operating in the global proactive wellness and convenient nutrition category. Its portfolio includes Premier Protein, Dymatize and PowerBar products, with recurring updates tied to ready-to-drink protein shakes, powders, nutrition bars, retail distribution, brand investment and product innovation.
Company news commonly covers fiscal results and outlooks, Premier Protein RTD shake sales drivers, volume and price/mix trends, promotional activity, distribution gains, share repurchase authorizations, investor-conference participation and governance matters such as board and leadership-transition updates.
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.
BellRing Brands, Inc. (NYSE:BRBR) will host a conference call on February 5, 2021, at 10:30 a.m. EST to discuss its financial results for Q1 of fiscal year 2021 and provide an outlook for the fiscal year. Financial results will be disclosed after the market closes on February 4, 2021. The call will feature CEO Darcy H. Davenport and CFO Paul A. Rode. Interested participants can join via a dedicated phone line or listen to a webcast on the company's Investor Relations website. A replay will be available until February 19, 2021.
BellRing Brands reported strong financial results for Q4 and fiscal year 2020, with net sales hitting $282.6 million in Q4, up 31.7% year-over-year, and fiscal year sales of $988.3 million, a 15.7% increase. Operating profit for Q4 reached $49.0 million, while net earnings for Class A shareholders stood at $10.0 million. Looking ahead, BellRing expects fiscal year 2021 net sales to grow 8%-13% and Adjusted EBITDA by 5%-10%, indicating a positive outlook despite challenges from COVID-19.
BellRing Brands (NYSE:BRBR) has authorized a $60 million share repurchase program over the next two years. This initiative allows for share buybacks through various methods, including open market purchases and derivatives. The company is not obliged to buy back any specific amount, with the timing being influenced by liquidity, share price, and market conditions. This move aims to potentially enhance shareholder value, though it remains subject to market uncertainties and strategic discretion.
BellRing Brands, Inc. (NYSE:BRBR) announced a conference call on November 20, 2020, at 10:30 a.m. EST to discuss its fourth-quarter financial results and fiscal year 2021 outlook. The company will release its financial results on November 19, 2020, after market close. CEO Darcy H. Davenport and CFO Paul A. Rode will lead the call. Interested parties can join by phone or access a webcast through the Investor Relations section of BellRing’s website. A replay will be available until December 4, 2020. BellRing is known for its brands like Premier Protein, Dymatize, and PowerBar, focusing on convenient nutrition.
BellRing Brands reported Q3 2020 results, revealing net sales of $204.2 million, a 14.1% decline year-over-year. Operating profit decreased by 42.0% to $30.6 million, while net earnings for Class A stockholders were $3.3 million, compared to zero a year ago. Adjusted EBITDA fell 37.1% to $38.5 million. Premier Protein sales dipped 11.9%, affected by reduced consumption due to COVID-19. Despite challenges, the company reaffirmed its FY 2020 Adjusted EBITDA guidance of $192-$202 million.