By Katherine Hamilton
Bellring Brands recorded higher first-quarter earnings and upped its outlook as its Premier Protein products drove sales growth.
The food company, which specializes in protein shakes and bars, posted a profit of $76.9 million, or 59 cents a share, in the three-months ended Dec. 31, compared with $43.9 million, or 33 cents a share, a year earlier.
Stripping out certain one-time items, adjusted per-share earnings was 58 cents, ahead of the 48 cents forecast by analysts, according to FactSet.
Revenue rose about 24% to $533 million. Analysts surveyed by FactSet forecast revenue of $524.7 million.
The St. Louis-based company raised its 2025 net sales guidance to $2.26 billion to $2.34 billion, up from $2.24 to $2.32 billion previously.
Dollar consumption of Bellring's Premier Protein ready-to-drink shakes and powder increased around 24%. Net sales for the segment rose 26%, as an increase in volume and price boosted growth, the company said. The company's Dymatize protein net sales were up about 13%.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
February 03, 2025 17:26 ET (22:26 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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