BellRing Brands reports Q2 adjusted EPS 45c, consensus 33c

Reports Q2 revenue $494.6M, consensus $467.22M. “Our momentum continued this quarter as we restarted meaningful shake promotions and experienced greater than forecasted shake demand. Premier Protein shake consumption growth was strong, boosted by strong velocities, new products and significant gains in household penetration. Our powder products success in mainstream channels continued this quarter, behind brand building investments and distribution gains,” said Darcy H. Davenport, President and CEO of BellRing. “Our greenfield facilities continue to scale up and overall shake capacity expansion is on track. Our first half performance gives us greater confidence to deliver our second half expectations and drives our decision to raise our full year outlook.”