Filing Flows › Bellring Brands (BRBR) › Q2 FY25
Bellring Brands (BRBR) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 6, 2025
Bellring Brands (BRBR) reported revenue of $588M for the second quarter fiscal 2025 (Q2 FY25), +19% from a year earlier and +10% from the quarter before. Operating margin was 16.2%, net earnings $58.7M (10.0% of revenue).
Bellring Brands, Q2 FY25: revenue $588M (+19% year over year), operating margin 16.2%, net earnings $58.7M, operating cash flow $48.2M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $588M | +10% | +19% |
| Gross profit | $190M | -5% | +16% |
| Operating profit | $95.1M | -18% | +5% |
| Net earnings | $58.7M | -24% | +3% |
| Operating cash flow | $48.2M | 16× | +196% |
| Free cash flow | $47.6M | 28× | +198% |
What changed
Revenue was $588.0M in Q2 FY25, up 19% year over year and up 10% from the previous quarter. Shakes was the largest line at 83% of revenue. Shakes added $89.6M year over year (up 23%), 96% of the total change. Other declined 1%.
Gross margin was 32.3%, down 0.9 points from a year earlier. Operating profit was $95.1M, a 16.2% margin (down 2.2 points year over year). Of the extra revenue versus a year earlier, 4% reached operating profit, below the 18% margin then. Operating expenses grew 29% against revenue growth of 19%. The fastest-growing cost line was SG&A (+31%). Net earnings were $58.7M, up 3% year over year. The effective tax rate was 25.3%.
Operating cash flow was $48.2M (up 196% year over year), 82% of net earnings. Non-cash charges added back $4.6M of depreciation and amortization and $5.6M of share-based compensation. Working capital and other items used $20.7M. Capital expenditures of $600K left free cash flow of $47.6M.
Questions
What was Bellring Brands' revenue in the second quarter fiscal 2025?
Bellring Brands (BRBR) reported revenue of $588M for the second quarter fiscal 2025 (Q2 FY25), +19% from a year earlier and +10% from the quarter before.
Was Bellring Brands profitable in the second quarter fiscal 2025?
Operating profit was $95.1M (16.2% of revenue) and net earnings $58.7M.
Source: Bellring Brands 10-Q on SEC EDGAR.