BellRing Brands reports Q2 adjusted EPS 53c, consensus 53c

Reports Q2 revenue $588M, consensus $578.69M. “Our momentum continued this quarter as Premier Protein consumption accelerated. Increased promotions, our media campaign and new products drove Premier Protein household penetration and market share to new all-time highs. Our powder products benefited from distribution gains and brand building investments,” said Darcy Davenport, President and Chief Executive Officer of BellRing. “The convenient nutrition category and our leading mainstream brands continue to resonate with consumers, demonstrating a long runway of growth for ready-to-drink shakes and powders. I am pleased to affirm our guidance of net sales growth of 13% to 17% with strong Adjusted EBITDA margins even amidst the current uncertain macroeconomic environment.”