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BellRing Brands' Q4 Bottom-Line Beats Street View

  • BellRing Brands Inc (NYSE: BRBR) reported fourth-quarter FY22 sales growth of 11.5% year-on-year to $379.20 million, missing the consensus of $400.40 million.

  • The gross profit increased 27.4% to $122.3 million, with a gross margin expanding from 28.2% to 32.3%.

  • Selling, general and administrative expenses rose 47.9% to $56.2 million.

  • The operating margin was 16.11%, and the operating income for the quarter rose 15.1% to $61.1 million.

  • The company held $35.8 million in cash and equivalents as of September 30, 2022.

  • Adjusted EBITDA increased 32.1% to $79.9 million.

  • Adjusted EPS of $0.31 beat the analyst consensus of $0.29.

  • In Q4, BellRing repurchased 1.0 million shares for $22.4 million at an average price of $23.20 per share.

  • Outlook: BellRing sees FY23 net sales of $1.56 billion - $1.64 billion versus an estimate of $1.59 billion.

  • It expects FY23 adjusted EBITDA of $300 million - $325 million.

  • Price Action: BRBR shares closed lower by 0.52% at $24.82 in premarket on the last check Friday.

  • Photo Via Company

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