BellRing Brands (NYSE:BRBR) Beats Q1 Sales Targets, Full-Year Sales Guidance Is Optimistic
Nutrition products company Bellring Brands (NYSE:BRBR)
reported Q1 FY2024 results beating Wall Street analysts’ expectations, with revenue up 18.7% year on year to $430.4 million. The company’s full-year revenue guidance of $1.91 billion at the midpoint also came in 1.3% above analysts’ estimates. It made a non-GAAP profit of $0.43 per share, improving from its profit of $0.33 per share in the same quarter last year.
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BellRing Brands (NYSE:) Q1 FY2024 Highlights:
- Revenue: $430.4 million vs analyst estimates of $408.4 million (5.4% beat)
- EPS (non-GAAP): $0.43 vs analyst estimates of $0.40 (8.5% beat)
- The company lifted its revenue guidance for the full year from $1.87 billion to $1.91 billion at the midpoint, a 2.1% increase
- Free Cash Flow of…
