BellRing Brands Misses Earnings, Beats Revenue

BellRing Brands, based in Saint Louis, released its fiscal fourth quarter financial results, reporting a net income of nearly sixty million dollars, or forty-eight cents per share. After adjustments, earnings stood at fifty-one cents per share, slightly missing analysts expectations of fifty-four cents. Despite the earnings miss, the company beat revenue forecasts with over six hundred forty-eight million dollars, surpassing the predicted six hundred thirty-one million dollars. For the full year, BellRing Brands reported a profit of over two hundred sixteen million dollars and two point three two billion dollars in revenue. The company projects full-year revenue between two point four one billion and two point four nine billion dollars. However, the companys shares have seen a significant decline, falling by sixty-six percent since January and sixty-four percent over the past twelve months.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.