By Connor Hart
BellRing Brands posted higher profit and revenue in its fiscal fourth quarter, boosted by higher sales volumes, which offset a decrease in price/mix.
The St. Louis protein shake and powder maker on Monday reported a profit of $71.7 million, or 55 cents a share, compared with $46.1 million, or 35 cents a share, in last year's same quarter.
Adjusted per-share earnings were 51 cents, just beating the 50 cents that analysts were looking for, according to FactSet.
Revenue increased 18% to $555.8 million, ahead of the $545 million that analysts surveyed by FactSet were expecting. Sales volumes rose 19%, while price/mix fell 1.3%.
Sales across the company's Premier Protein brand rose 20%, boosted by volume growth and a slight increase in price/mix. The company's Dymatize brand grew its sales by 4%.
For its fiscal 2025, BellRing guided for sales between $2.24 billion and $2.32 billion, as well as adjusted earnings before interest, taxes, depreciation and amortization between $460 million and $490 million. Analysts polled by FactSet are expecting revenue of $2.22 billion and adjusted Ebita of $468.3 million.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
November 18, 2024 18:36 ET (23:36 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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