As it moves to discontinue its PowerBar brand business in North America, protein products portfolio company BellRing Brands announced full fiscal year 2023 net sales over $1.6 billion, up 21.5%, in an earnings report this week. - Operating profit for the full fiscal year 2023 was $287.3 million and net earnings were $165.5 million.
- Premier Protein reported net sales up by 24.8% in the full fiscal year, with 10.7% volume growth and 14.1% price/mix increase.
- The fourth quarter saw net sales of $472.6 million, up 24.6% year-over-year. Volumes in Q4 increased 19.4% and price/mix improved by 5.2%.
According to president and CEO Darcy Davenport, BellRing’s overall sales benefited from strong velocities, distribution gains and increased promotional activity for Premier Protein, its core brand which includes RTD shakes and powders, as well as additional products like protein-rich pancakes and cereal. Read the full story on BevNET |
