Bellring Brands Reports 20.3% Increase in Total Revenue for Q3 of FY2023
August 25, 2023
☀️Earnings Overview
For the third quarter of FY2023, ending June 30 2023, BELLRING BRANDS ($NYSE:BRBR) reported total revenue of USD 445.9 million, a 20.3% increase from the same quarter in the previous year. Their net income also grew, amounting to USD 44.3 million, a 13.3% increase from the previous year.
Analysis
GoodWhale has performed an in-depth analysis of BELLRING BRANDS‘ financials, giving it a risk rating of medium. This means that in terms of financial and business aspects, BELLRING BRANDS is a medium risk investment. GoodWhale has detected 1 risk warnings in the balance sheet, so potential investors should take the time to register on goodwhale.com to learn more about this risk warning and any other details worth considering. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Bellring Brands. More…
| Total Revenues | Net Income | Net Margin |
| 1.57k | 153.1 | 9.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Bellring Brands. More…
| Operations | Investing | Financing |
| 140.3 | -1.6 | -147.1 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Bellring Brands. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 722.4 | 1.09k | -2.75 |
Key Ratios Snapshot
Some of the financial key ratios for Bellring Brands are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.6% | 21.4% | 17.2% |
| FCF Margin | ROE | ROA |
| 8.8% | -46.4% | 23.4% |
Peers
The Company’s segments include U.S. Retail, International, and Foodservice. Its products include breakfast cereals, cookies, crackers, chips, pretzels, nuts, trail mix, granola bars, frozen waffles, frozen pancakes, frozen biscuits and gravy, syrups, and frozen bagel bites. The Company’s brands include Kellogg’s, Keebler, Pop-Tarts, Eggo, Cheez-It, Nutri-Grain, Rice Krispies, Murray, Austin, MorningStar Farms, Famous Amos, Carr’s, Plantation, Ready Crust, and Kashi. BellRing Brands Inc is headquartered in Battle Creek, Michigan. Sovos Brands Inc is a holding company that operates in the packaged foods industry. The Company’s segments include U.S. Retail, International, and Foodservice. Its products include breakfast cereals, cookies, crackers, chips, pretzels, nuts, trail mix, granola bars, frozen waffles, frozen pancakes, frozen biscuits and gravy, syrups, and frozen bagel bites. The Company’s brands include Kellogg’s, Keebler, Pop-Tarts, Eggo, Cheez-It, Nutri-Grain, Rice Krispies, Murray, Austin, MorningStar Farms, Famous Amos, Carr’s, Plantation, Ready Crust, and Kashi. Sovos Brands Inc is headquartered in Battle Creek, Michigan. Baristas Coffee Co Inc is a holding company that operates in the packaged foods industry. The Company’s segments include U.S. Retail, International, and Foodservice. Its products include breakfast cereals, cookies, crackers, chips, pretzels, nuts, trail mix, granola bars, frozen waffles, frozen pancakes, frozen biscuits and gravy, syrups, and frozen bagel bites. The Company’s brands include Kellogg’s, Keebler, Pop-Tarts, Eggo, Cheez-It, Nutri-Grain, Rice Krispies, Murray, Austin, MorningStar Farms, Famous Amos, Carr’s, Plantation, Ready Crust, and Kashi. Baristas Coffee Co Inc is headquartered in Battle Creek, Michigan. Sanderson Farms Inc is a holding company that operates in the packaged foods industry. The Company’s segments include U.S. Retail, International, and Foodservice. Its products include breakfast cereals, cookies, crackers, chips, pretzels, nuts, trail mix, granola bars, frozen waffles, frozen pancakes, frozen biscuits and gravy, syrups, and frozen bagel bites. The Company’s brands include Kellogg’s, Keebler, Pop-Tarts, Eggo, Cheez-It, Nutri-Grain, Rice Krispies, Murray, Austin, MorningStar Farms, Famous Amos, Carr’s, Plantation, Ready Crust, and Kashi. Sanderson Farms Inc is headquartered in Battle Creek, Michigan.
– Sovos Brands Inc ($NASDAQ:SOVO)
Savage Brands Inc is a publicly traded company with a market capitalization of 1.42 billion as of 2022. The company has a return on equity of -1.43%. Savage Brands Inc is a provider of branded apparel, footwear, and accessories. The company’s products are sold through its own e-commerce platform and through third-party retailers.
– Baristas Coffee Co Inc ($OTCPK:BCCI)
Baristas Coffee Company Inc is a specialty coffee and drive-thru coffee chain. The company was founded in 1998 and is headquartered in Seattle, Washington. As of 2022, the company has a market cap of 996.3k and a return on equity of 9.75%. The company operates a chain of drive-thru coffee stands and coffeehouses under the Baristas brand name. The company also operates a roastery and coffee production facility. The company offers a variety of coffee-based beverages, including cappuccinos, lattes, iced coffees, and iced teas.
Summary
BELLRING BRANDS reported a strong performance in their third quarter of FY2023, ending on June 30 2023. Total revenue was USD 445.9 million, a 20.3% increase year-on-year, while net income was up by 13.3%, at USD 44.3 million. This positive financial report is encouraging for investors, indicating that the company’s strategies and products are successful and that it is well-positioned for further growth. With the expected expansion of the global economy in the coming years, BELLRING BRANDS is an attractive investment opportunity.
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