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BellRing Brands (BellRing Brands) Gross Margin % : 34.39% (As of Dec. 2023)


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What is BellRing Brands Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. BellRing Brands's Gross Profit for the three months ended in Dec. 2023 was $148 Mil. BellRing Brands's Revenue for the three months ended in Dec. 2023 was $430 Mil. Therefore, BellRing Brands's Gross Margin % for the quarter that ended in Dec. 2023 was 34.39%.

Warning Sign:

BellRing Brands Inc gross margin has been in long-term decline. The average rate of decline per year is -2.5%.


The historical rank and industry rank for BellRing Brands's Gross Margin % or its related term are showing as below:

BRBR' s Gross Margin % Range Over the Past 10 Years
Min: 30.75   Med: 32.69   Max: 36.49
Current: 32.08


During the past 8 years, the highest Gross Margin % of BellRing Brands was 36.49%. The lowest was 30.75%. And the median was 32.69%.

BRBR's Gross Margin % is ranked better than
65.56% of 1809 companies
in the Consumer Packaged Goods industry
Industry Median: 25.04 vs BRBR: 32.08

BellRing Brands had a gross margin of 34.39% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for BellRing Brands was -2.50% per year.


BellRing Brands Gross Margin % Historical Data

The historical data trend for BellRing Brands's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

BellRing Brands Gross Margin % Chart

BellRing Brands Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Gross Margin %
Get a 7-Day Free Trial 36.49 34.20 30.97 30.75 31.81

BellRing Brands Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 33.58 30.37 30.50 32.86 34.39

Competitive Comparison of BellRing Brands's Gross Margin %

For the Packaged Foods subindustry, BellRing Brands's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


BellRing Brands's Gross Margin % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, BellRing Brands's Gross Margin % distribution charts can be found below:

* The bar in red indicates where BellRing Brands's Gross Margin % falls into.



BellRing Brands Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

BellRing Brands's Gross Margin for the fiscal year that ended in Sep. 2023 is calculated as

Gross Margin % (A: Sep. 2023 )=Gross Profit (A: Sep. 2023 ) / Revenue (A: Sep. 2023 )
=530.2 / 1666.8
=(Revenue - Cost of Goods Sold) / Revenue
=(1666.8 - 1136.6) / 1666.8
=31.81 %

BellRing Brands's Gross Margin for the quarter that ended in Dec. 2023 is calculated as


Gross Margin % (Q: Dec. 2023 )=Gross Profit (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=148 / 430.4
=(Revenue - Cost of Goods Sold) / Revenue
=(430.4 - 282.4) / 430.4
=34.39 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


BellRing Brands  (NYSE:BRBR) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

BellRing Brands had a gross margin of 34.39% for the quarter that ended in Dec. 2023 => Competition eroding margins


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


BellRing Brands Gross Margin % Related Terms

Thank you for viewing the detailed overview of BellRing Brands's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


BellRing Brands (BellRing Brands) Business Description

Traded in Other Exchanges
Address
2503 S. Hanley Road, St. Louis, MO, USA, 63144
BellRing Brands Inc is a United States-based company engaged in providing nutrition-related products. Its brands, Premier Protein, Dymatize, and PowerBar provides various products including ready-to-drink protein shakes, powders, and nutrition bars. The company's products are distributed through a diverse network of channels including club, food, drug and mass, eCommerce, convenience and specialty.
Executives
Robert V Vitale director, officer: Executive Chairman C/O POST HOLDINGS, INC., 2503 SOUTH HANLEY ROAD, ST. LOUIS MO 63144
Elliot Jr Stein director C/ COMMONWEALTH CAPITAL PARTNERS, 444 MADISON AVE, NEW YORK NY 10022
Chonda J Nwamu director 1901 CHOUTEAU AVENUE, P.O. BOX 66149, ST. LOUIS MO 63166-6149
Thomas P Erickson director C/O BELLRING BRANDS, INC., 2503 S. HANLEY ROAD, ST. LOUIS MO 63144
Jennifer Kuperman Johnson director C/O BELLRING BRANDS, INC., 2503 S. HANLEY ROAD, ST. LOUIS MO 63144
Douglas J Cornille officer: Chief Growth Officer 1222 67TH STREET, SUITE 210, EMERYVILLE CA 94608
Craig L Rosenthal officer: SVP, GC & SECRETARY 2503 S. HANLEY ROAD, ST. LOUIS MO 63144
Robin Singh officer: SVP, OPERATIONS OF PNC 1222 67TH STREET, EMERYVILLE CA 94608
Darcy Horn Davenport director, officer: PRES. AND CEO 1222 67TH STREET, SUITE 210, EMERYVILLE CA 94608
Paul A Rode officer: CFO 2503 S. HANLEY ROAD, ST. LOUIS MO 63144
Marc S Mollere officer: SVP, INTERNATIONAL C/O BELLRING BRANDS, INC., 2503 S. HANLEY RD, ST. LOUIS MO 63144
Post Holdings, Inc. 10 percent owner 2503 S. HANLEY ROAD, ST. LOUIS MO 63144
Jeff A Zadoks director 2503 S. HANLEY ROAD, ST. LOUIS MO 63144
Diedre J Gray director C/O POST HOLDINGS, INC., 2503 SOUTH HANLEY ROAD, ST. LOUIS MO 63144
Robert L Partin officer: SVP, SALES OF PNC 1222 67TH STREET, SUITE 210, EMERYVILLE CA 94608