BellRing Brands: First Quarter Financial Results Overview

BellRing Brands Reports Strong First-Quarter Results

BellRing Brands Inc., headquartered in St. Louis, announced a net income of $43.7 million for its fiscal first quarter.

The company’s earnings translated to 36 cents per share, or 37 cents per share after adjusting for one-time expenses.

These figures surpassed analyst projections, as six experts polled by Zacks Investment Research had anticipated earnings of 31 cents per share.

Revenue for the nutritional supplements manufacturer reached $537.3 million during the quarter, exceeding the consensus estimate of $502.9 million from Zacks’ analysts.

Looking ahead, BellRing Brands forecasts its annual revenue to fall between $2.41 billion and $2.46 billion.

Despite the positive quarterly performance, the company’s stock price has declined by nearly 9% since the start of the year and is down 68% over the past twelve months.

This article was produced by Automated Insights using data provided by Zacks Investment Research. For more details, view the Zacks stock report on BRBR.