BellRing Q1 revenue beats estimates on higher volume growth

Overview

• Wellness category firm reported fiscal Q1 revenue up 1%, beating analyst expectations

• Adjusted EPS for fiscal Q1 beat analyst expectations

• Company repurchased $97 mln of common shares in fiscal Q1

Outlook

• BellRing narrows fiscal 2026 net sales outlook to $2.41-$2.46 bln

• Company expects fiscal 2026 adjusted EBITDA of $425-$440 mln

• BellRing anticipates growth acceleration in second half of fiscal 2026

Result Drivers

• VOLUME AND PRICE MIX - Net sales increased by 0.8% due to a 0.7% rise in volume and a 0.1% increase in price/mix

• DYMATIZE GROWTH - Dymatize net sales rose 15.8% driven by strong volume growth, especially in international markets

• PREMIER PROTEIN DECLINE - Premier Protein net sales fell 1.2% due to a 1.0% decrease in price/mix and 0.2% decrease in volume

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the food processing peer group is "buy"

• Wall Street's median 12-month price target for Bellring Brands Inc is $35.00, about 43.5% above its February 2 closing price of $24.39

• The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nGNX16YCsg

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