BellRing Brands Inc (BRBR) Q2 2024 Earnings Call Transcript Highlights: Stellar Growth and ...

GuruFocus.com05-08

Net Sales: $495 million, up 28% over prior year. Adjusted EBITDA: $104 million, increase of 53%. Adjusted EBITDA Margin: 21%, exceeded expectations. Gross Profit: $164 million, grew 40%. Gross Profit ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2433713156?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-05-08 15:25","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2433713156","market":"us","top_or_hot":-1,"title":"BellRing Brands Inc (BRBR) Q2 2024 Earnings Call Transcript Highlights: Stellar Growth and ...","media":"GuruFocus.com","content":"<div>\n<p>Net Sales: $495 million, up 28% over prior year.\nAdjusted EBITDA: $104 million, increase of 53%.\nAdjusted EBITDA Margin: 21%, exceeded expectations.\nGross Profit: $164 million, grew 40%.\nGross Profit ...</p>\n\n<a href=\"https://finance.yahoo.com/news/bellring-brands-inc-brbr-q2-072519805.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BellRing Brands Inc (BRBR) Q2 2024 Earnings Call Transcript Highlights: Stellar Growth and ...</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBellRing Brands Inc (BRBR) Q2 2024 Earnings Call Transcript Highlights: Stellar Growth and ...\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-08 15:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/bellring-brands-inc-brbr-q2-072519805.html><strong>GuruFocus.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Net Sales: $495 million, up 28% over prior year.\nAdjusted EBITDA: $104 million, increase of 53%.\nAdjusted EBITDA Margin: 21%, exceeded expectations.\nGross Profit: $164 million, grew 40%.\nGross Profit ...</p>\n\n<a href=\"https://finance.yahoo.com/news/bellring-brands-inc-brbr-q2-072519805.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BRBR","symbol_name":"BellRing Brands, Inc.","start_time":0,"source_url":"https://finance.yahoo.com/news/bellring-brands-inc-brbr-q2-072519805.html","article_id":"2433713156","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2433713156","pubTimestamp":1715153119,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Net Sales: $495 million, up 28% over prior year.Gross Profit Margin: 33.2%, up 280 basis points.SG&A Expenses: 14% of net sales, roughly flat to prior year.Cash Flow from Operations: $16 million in Q2, $90 million in first half.Net Debt: $761 million as of March 31.Share Repurchases: 400,000 shares at average price of $56.46 per share.Fiscal '24 Guidance: Net sales $1.93 billion to $1.99 billion; Adjusted EBITDA $400 million to $420 million.BellRing Brands Inc  reported a 28% increase in net sales and a 53% increase in adjusted EBITDA over the prior year, indicating strong financial performance.BellRing Brands Inc  raised its fiscal year outlook based on better-than-expected performance in the first half, strong consumption trends, and confidence in ongoing capacity expansion.BellRing Brands Inc  continues to lead with a market share of 21% in the RTD segment and maintains the top position in the broader convenient nutrition category.A: Darcy Davenport, President and CEO of BellRing Br","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BRBR":"BellRing Brands, Inc."},"translate_title":"贝尔林品牌公司（BRBR）Q2 2024年收益看涨期权记录亮点：恒星增长和...","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BRBR":1},"content_text":"Net Sales: $495 million, up 28% over prior year.\nAdjusted EBITDA: $104 million, increase of 53%.\nAdjusted EBITDA Margin: 21%, exceeded expectations.\nGross Profit: $164 million, grew 40%.\nGross Profit Margin: 33.2%, up 280 basis points.\nSG&A Expenses: 14% of net sales, roughly flat to prior year.\nCash Flow from Operations: $16 million in Q2, $90 million in first half.\nNet Debt: $761 million as of March 31.\nNet Leverage: 1.9 times.\nShare Repurchases: 400,000 shares at average price of $56.46 per share.\nFiscal '24 Guidance: Net sales $1.93 billion to $1.99 billion; Adjusted EBITDA $400 million to $420 million.\nAdjusted EBITDA Margin Guidance: 20.9% at midpoint.\n\n\nWarning! GuruFocus has detected 4 Warning Signs with BRBR.\n\nRelease Date: May 07, 2024\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.\n Positive Points \n\nBellRing Brands Inc (NYSE:BRBR) reported a 28% increase in net sales and a 53% increase in adjusted EBITDA over the prior year, indicating strong financial performance.\nThe company successfully executed two club promotions in one quarter, significantly boosting consumer and retailer engagement and excitement.\nBellRing Brands Inc (NYSE:BRBR) raised its fiscal year outlook based on better-than-expected performance in the first half, strong consumption trends, and confidence in ongoing capacity expansion.\nPremier Protein shake consumption grew robustly by 29% this quarter, with high growth across all channels, driven by promotions, strong velocities, and distribution expansion.\nBellRing Brands Inc (NYSE:BRBR) continues to lead with a market share of 21% in the RTD segment and maintains the top position in the broader convenient nutrition category.\n\n Negative Points \n\nDespite overall strong performance, Dymatize brand faced challenges with an 8% decline in US consumption, affected by ongoing softness in specialty channels and increased competitive activity in e-commerce.\nTemporary out-of-stocks in some products occurred late in the quarter and into April, although these are expected to stabilize and improve in the second half.\nThe ready-to-mix segment grew only 3%, showing a slowdown as consumers traded down to value brands and switched to other high-protein products.\nIncreased competitive activity in e-commerce led to a highly competitive environment for Dymatize, with deep discounting by emerging brands impacting performance.\nInput costs for certain materials are expected to rise in the second half of the fiscal year, potentially impacting margins despite planned pricing actions late in the fourth quarter.\n\n Q & A Highlights \nQ: Can you discuss the impact of non-promoted sales of Premier Protein this quarter and how they correlate with promoted products? A: Darcy Davenport, President and CEO of BellRing Brands, explained that about 80% of their growth comes from new households entering the category, which has led to an all-time high in household penetration this quarter. The increase in shipments has generally led to higher sales, particularly in non-promoted products across all channels outside of promotional periods.\nQ: Regarding the guidance raise, is there potential to exceed the upper end of the sales guide given the capacity constraints mentioned? A: Darcy Davenport mentioned that they have sufficient production to meet the full range of their guidance and will assess in Q4 whether to build more inventory or satisfy higher-than-expected demand. They aim to be nimble in managing production and inventory levels.\nQ: What were the learnings from the increase in merchandising and promotional mix this quarter? A: Darcy Davenport noted that the key to success on promotion is display, which helps increase household penetration and brand stickiness. The promotions led to strong results and confirmed that the fundamentals of the brand are intact, with significant retailer and consumer excitement.\nQ: How do you expect the input cost environment and promotional activity to impact the financials moving forward? A: Paul Rode, CFO, explained that they anticipate costs to rise in the second half of the year, particularly for powders, and expect proteins to modestly increase. They foresee significant favorability in protein costs in Q3 but a moderation in Q4. Promotional activity is expected to be balanced throughout the year, with a modest benefit from pricing in Q4.\nQ: Can you elaborate on the competitive dynamics observed in e-commerce for Dymatize and the strategies to enhance its market position? A: Darcy Davenport acknowledged increased competition and aggressive discounting by emerging brands in e-commerce. They plan to be more aggressive in marketing and promotions, particularly leveraging their campaign with Christian McCaffrey to boost brand awareness and engagement.\nQ: What are the expectations for household penetration and consumer base expansion, particularly regarding Premier Protein shakes? A: Darcy Davenport highlighted that Premier Protein has a diverse consumer base with a nearly even male-to-female ratio, which is unique in the category. They continue to attract new consumers, contributing significantly to category growth, and see substantial potential for increasing household penetration further.\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.This article first appeared on \nGuruFocus.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.0","shortVersion":"4.24.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2433713156"}