BellRing Brands, Inc. Reports Strong Fourth Quarter and Fiscal Year 2024 Financial Results
ST. LOUIS, Nov. 18, 2024 – BellRing Brands, Inc. (NYSE:BRBR), a leader in the global convenient nutrition category, announced its financial results for the fourth fiscal quarter and fiscal year ending September 30, 2024.
Key Financial Metrics
| Metric | Q4 2024 | Q4 2023 | YoY Change |
|---|---|---|---|
| Total Revenue | $555.8M | $472.6M¹ | +17.6% |
| Earnings Per Share (EPS) | $0.55 | $0.35 | +57.1% |
| Adjusted EBITDA | $116.5M | $98.5M | +18.3% |
¹ Source not explicitly provided, calculation from YoY change
In the fourth quarter of 2024, BellRing's net sales surged by 17.6% year-over-year, reaching $555.8 million. Earnings per share increased significantly by 57.1% to $0.55. This performance was supported by strong organic growth, increased distribution, and effective cost management.
Revenue Performance by Segment
| Segment | Q4 2024 | YoY Change |
|---|---|---|
| Premier Protein Net Sales | $451.3M¹ | +20.3% |
| Dymatize Net Sales | $104.5M¹ | +3.9% |
¹ Specific segment revenues are estimated from overall growth percentages and total revenues.
Premier Protein showed robust growth with a 20.3% increase in sales, bolstered by a 19.5% volume increase and a slight positive price/mix adjustment. Dymatize experienced more moderate growth at 3.9%, with gains primarily in international markets.
Key Developments and Operational Highlights
- Premier Protein achieved record highs in household penetration and market distribution.
- Dollar consumption for Premier Protein ready-to-drink shakes rose by 14.4%.
- Strong market share gains in both shakes and powders categories.
Comments from Company Officers
Darcy H. Davenport, President and CEO, remarked, 'We finished the year strong, with results at the high end of expectations. The Premier Protein consumption accelerated, elevated by better stock levels and meaningful distribution gains, which gives us confidence moving into 2025.'
Share Repurchase Program
During the fourth quarter, BellRing repurchased 0.7 million shares for $40.5 million. For the full fiscal year, a total of 2.6 million shares were repurchased for $146.6 million, with $175.1 million remaining available under the share repurchase authorization.
Forward Guidance
For fiscal year 2025, BellRing projects net sales between $2.24 billion and $2.32 billion, with an Adjusted EBITDA range of $460 million to $490 million, reflecting continued strong growth prospects.
Stock Price Movement
Following the earnings release, BellRing's stock saw an increase of approximately 1.82%.
BellRing Brands, Inc. continues to leverage strong consumer demand in the convenient nutrition category, demonstrating solid growth and robust financial health as evidenced by its recent performance and strategic initiatives.
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