The Medical group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is BellRing Brands (BRBR) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Medical sector should help us answer this question. BellRing Brands is a member of our Medical group, which includes 1025 different companies and currently sits at #2 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 di ...

I give a buy rating for BellRing Brands (NYSE: BRBR ) as I expect growth to sustain in the mid-teens range for the foreseeable future given the continuous ramp up in supply, demand momentum, secular tailwind, and step up in I am an individual investor that is now fully focus on managing my own capital that I have saved up over the years. My investing background spreads across a wide spectrum as I believe there are merits to each approach, for instance: Fundamental investing [Bottoms-up etc.], Technical inve ...

The food industry is ripe for consolidation now that the Federal Reserve is expected to cut interest rates in September. According to Kevin Dreyer, co-CIO of Value at Gabelli Funds, lower rates generally stimulate M&A activity. "One thing to note is that, as rates come down, that tends to lead to an upswing in M&A activity," Dreyer told CNBC on Friday, Aug. 23. "Food stocks have had a tough year — the consumer stretch, inflation has been biting them — they've been struggling with volume growth, but snacking ...

Financial Data and Key Metrics - Net sales for Q3 2024 were $515 million, up 16% YoY, with adjusted EBITDA at $120 million, a 38% increase YoY [14] - Adjusted EBITDA margins were 23.2%, exceeding expectations due to favorable gross margins [14] - Gross profit grew 40% to $190 million, with gross margins increasing by 630 basis points to 36.8% [16] - Cash flow from operations was $69 million in Q3 and $160 million year-to-date [17] - Net debt stood at $776 million, with net leverage at 1.8x, expected to remain below 2x in fiscal 2024 [17] Business Line Performance - Premier Protein net sales grew 20%, driven by strong volume growth in RTD shakes (19%) and powders [14] - Dymatize net sales decreased 3% domestically but saw 18% growth internationally [15] - Premier Protein RTD shake consumption grew 10% in Q3, accelerating to 20% in July, with household penetration reaching an all-time high of 19% [5][9] - Premier Protein Powder grew 44% in Q3, driven by distribution gains and strong velocities [10] Market Performance - The convenient nutrition category grew 7% in Q3, with RTD leading at 11% growth [8] - Premier Protein maintained a 21% market share in the RTD segment and is the number one brand in the broader convenient nutrition category [9] - Dymatize's international business grew 18% in Q3, representing 30% of the brand's total sales [12] Strategic Direction and Industry Competition - The company raised its fiscal 2024 guidance, expecting net sales growth of 18%-20% and adjusted EBITDA growth of 27%-30% [7][18] - Premier Protein is focusing on driving demand with increased marketing and promotional spend, particularly in Q4 [12][18] - The company is evaluating long-term strategies, including potential expansion into mainstream beverage aisles [27][29] - Innovation is a key focus, with plans for new product launches in 2025, particularly in the powder category [32] Management Commentary on Operating Environment and Future Outlook - Management expressed confidence in demand and increased production capacity, setting the stage for strong fiscal 2025 performance [6][7] - The company highlighted the strong tailwinds for the protein category, with broad consumer relevance across age groups and health goals [8] - Management noted the importance of maintaining safety stock levels to reduce volatility in consumption patterns [60] Other Important Information - The company repurchased 1.3 million shares at an average price of $58.08 per share, totaling $74 million, with $216 million remaining in the share repurchase authorization [17] - Incremental production capacity secured in Q4 will help fill customer inventory gaps and rebuild internal inventories to target safety stock levels [6][22] Q&A Session Summary Question: Impact of price increases on Premier RTD shakes [19] - The company confirmed plans to proceed with price increases, noting that favorability in input costs was primarily related to whey protein powders, not shakes [20] Question: Incremental capacity and future supply needs [21] - The incremental capacity secured was beyond original plans, with new capacity expected to be needed by 2026 [22] Question: Tailwinds and headwinds for fiscal 2025 [24] - Management expects increased marketing and promotional spend in 2025, along with inflationary pressures, particularly in the powder business [25] Question: Competitor shelf space expansion and Premier's strategy [26] - The company is actively pursuing strategies to increase visibility, including end-aisle displays and multiple store placements, while evaluating long-term moves into mainstream aisles [27][29] Question: Innovation plans for Premier Protein [31] - Innovation will focus on both "little eye" (pack size, format, flavor) and "big eye" (new product lines) innovations, with new launches expected in 2025 [32] Question: Dymatize marketing campaign [33] - The campaign focuses on brand awareness, leveraging NFL player Christian McCaffrey to highlight the premium nature of the product [34][35] Question: Customer response to pricing [38] - Pricing has been well-received, with no major pushback, as competitors have also taken price increases [39] Question: Private label competition [40] - Private label penetration is lower in the RTD and powder categories compared to other CPG categories, with branded players maintaining share [41] Question: Club channel performance and consumption trends [44] - Temporary changes in assortment and out-of-stocks impacted club channel performance, but consumption rebounded in July [46][47] Question: Target consumer base and household penetration [48] - The company is targeting younger consumers to drive household penetration growth, with marketing campaigns tailored to this demographic [50] Question: Volatility in consumption data [59] - Volatility is largely due to low safety stock and trade inventory levels, which will stabilize as inventory levels improve [60] Question: Long-term EBITDA margin outlook [62] - Management expects margins to remain strong but does not view the current high margins as the new normal, with further evaluation planned for fiscal 2025 [62] Question: Promotional intensity in the club channel [65] - Promotional activity has increased, particularly among smaller competitors, but the company remains confident in its pricing power [66][67] Question: Fall shelf resets and capacity for 2025 [71] - The company expects TDP growth in Q4, driven by new distribution and filling inventory gaps, with incremental capacity supporting 2025 growth [72] Question: Impact of shipment timing on consumption [74] - Delayed shipments in Q3 impacted consumption growth, with a 400 basis point headwind, but this rebounded in July [75][76] Question: Pricing power and competitive dynamics [77] - The company believes it has strong pricing power, as consumers are trading more expensive breakfast items for Premier Protein shakes [78] Question: Long-term innovation in active nutrition [80] - The company sees significant potential for protein-based innovation, particularly in combining protein with other functional ingredients [81] Question: Bottle capacity and competition [83] - Bottle capacity is also constrained, but the company sees growth potential in this format, particularly for expanding distribution [84]

Table of Contents Large accelerated filer ☒ Accelerated filer ☐ Non-accelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☐ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 __________________ FORM 10-Q __________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition pe ...

Exhibit 99.1 BellRing Brands Reports Results for the Third Quarter of Fiscal Year 2024; Raises Fiscal Year 2024 Outlook St. Louis - August 5, 2024 - BellRing Brands, Inc. (NYSE:BRBR) ("BellRing"), a holding company operating in the global convenient nutrition category, today reported results for the third fiscal quarter ended June 30, 2024. Highlights: • Third quarter net sales of $515.4 million • Operating profit of $111.6 million, net earnings of $73.7 million and Adjusted EBITDA* of $119.5 million • Rais ...

BellRing Brands (BRBR) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on August 5, 2024, might help the stock move higher if these key numbers are better than ...

BRBR's full-year Zacks Consensus Estimates are calling for earnings of $1.80 per share and revenue of $1.96 billion. These results would represent year-over-year changes of +36.36% and +17.73%, respectively. It's also important to note that BRBR currently trades at a PEG ratio of 1.38. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Medical - Products industry currently had an average PEG ratio of 2.29 as of yest ...

ST. LOUIS, July 09, 2024 (GLOBE NEWSWIRE) -- BellRing Brands, Inc. (NYSE:BRBR) today announced it will hold a conference call on Tuesday, August 6, 2024 at 9:00 a.m. EDT to discuss financial results for the third quarter of fiscal year 2024 and fiscal year 2024 outlook and to respond to questions. Darcy H. Davenport, President and Chief Executive Officer, and Paul A. Rode, Chief Financial Officer, will participate in the call. BellRing also announced it plans to release its financial results for the third q ...

Interested parties may join the conference call by registering in advance at the following link: BellRing Q3 2024 Earnings Conference Call. Upon registration, participants will receive a dial-in number and a unique passcode to access the conference call. Interested parties are invited to listen to the webcast of the conference call, which can be accessed by visiting the Investor Relations section of BellRing's website at www.bellring.com. A webcast replay also will be available for a limited period on BellR ...