BellRing Brands (NYSE: BRBR) reported Q3 EPS of $0.54, $0.10 better than the analyst estimate of $0.44. Revenue for the quarter came in at $515.4 million versus the consensus estimate of $505.43 million.

GUIDANCE

For fiscal year 2024, BellRing management has raised its guidance range for net sales to $1.96-$2.00 billion (from $1.93-$1.99 billion) versus the consensus of $1.966 billion and Adjusted EBITDA to $430-$440 million (from $400-$420 million) (resulting in net sales and Adjusted EBITDA growth of 18%-20% and 27%-30%, respectively, over fiscal year 2023). BellRing management expects fiscal year 2024 capital expenditures of approximately $4 million.

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