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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, Inc. (NYSE: BRBR) is set to release its third-quarter fiscal year 2020 financial results after market close on August 6, 2020. A conference call will follow on August 7, 2020, at 10:30 a.m. EDT, featuring CEO Darcy H. Davenport and CFO Paul A. Rode. This call will discuss financial outcomes and the fiscal year 2020 outlook, with an opportunity for questions. Interested parties can access the call by phone or via a webcast on the company’s Investor Relations page.
BellRing Brands (NYSE:BRBR) reported strong financial results for Q2 2020, with net sales reaching $257.5 million, an 18.9% increase year-over-year. Premier Protein's net sales surged by 25.8% due to consumer demand amid the COVID-19 pandemic. However, Dymatize and PowerBar saw declines in sales. The company recorded a gross profit of $88.2 million but faced rising SG&A expenses, which increased by $14.9 million. Adjusted EBITDA was $43.4 million, a 12.5% decrease. BellRing maintains its FY 2020 guidance of $1.00-$1.05 billion in net sales and anticipates Adjusted EBITDA between $192-$202 million.