Strong Financial Performance
Net sales for the first quarter were $533 million and adjusted EBITDA was $125 million, with net sales growing 24% over the prior year and adjusted EBITDA increasing 25%.
Premier Protein Growth
Premier Shake consumption growth accelerated, up 23% in the quarter, driven by distribution expansion, accelerating velocities, and incremental promotional activity.
Raised Guidance for Fiscal Year
The company raised its outlook for the year, expecting net sales to grow between 13% and 17% over fiscal '24 and adjusted EBITDA to grow between 7% and 14%.
Successful National Marketing Campaign
Premier Protein launched a national marketing campaign, with traffic to the website up 80% versus a year ago, indicating strong consumer engagement.
International Growth for Dymatize
Dymatize net sales increased 13% this quarter, primarily driven by double-digit sales growth in the international business.