BellRing Brands Non-GAAP EPS of $0.33 beats by $0.05, revenue of $362.7M beats by $19.72M

• BellRing Brands (NYSE:BRBR): Q1 Non-GAAP EPS of $0.33 beats by $0.05.
• Revenue of $362.7M (+18.3% Y/Y) beats by $19.72M.

Outlook:

• For fiscal year 2023, BellRing management continues to expect net sales to range between $1.56-$1.64 billion vs $1.59B consensus and has raised its Adjusted EBITDA outlook to range between $306-$325 million (resulting in net sales and Adjusted EBITDA growth of 14%-20% and 13%-20%, respectively, over fiscal year 2022). BellRing management expects fiscal year 2023 capital expenditures of approximately $4 million.