Premier Protein Product Recall Implications | BellRing Brands 2022 Q3 Performance Update

Will Dymatize have enough power remaining in its growth story to make up for some predicted Premier Protein headwinds from a product recall? As I normally do with my performance update content of publicly-traded functional CPG brands, I will use the recently filled earnings report, earnings conference call, and any relevant publicly disclosed news, in this case it’s Bellring Brands (NYSE: BRBR) 2022 Q3 earnings release, to obviously update you on the performance of brands in that portfolio, but also use it as the backdrop to discuss market insights within the active nutrition formats of the liquids, powders, and bars. BellRing Brands is a portfolio that owns a collection of convenient nutrition brands like Premier Protein, Dymatize Nutrition, Powerbar, and Joint Juice, which was previously wholly-owned by Post Holdings. A fast-paced and busy lifestyle is pushing consumers to switch to quick and healthy meal options. This has resulted in the increased household penetration of RTD protein shakes that promote active lifestyles. Bellring Brands had a strong 2022 Q3 with net sales reaching $370.6 million, which was up 8.2% YoY. Premier Protein (81% of BellRing Brands total revenue) grew 7.3% YoY because it was able to exercise pricing power because of its strong brand equity in the inflationary market. Dymatize Nutrition was up 16.8% YoY stemming from price increases. Finally, I provide some details around the Premier Protein voluntary product recall from its contract manufacturer Lyons-Magnus and explain if I think it will cause any long-term issues to the company's reputation and the reputation of the product in question. FOLLOW ME ON MY SOCIAL MEDIA ACCOUNTS LINKEDIN - https://www.linkedin.com/in/joshuaschallmba TWITTER - https://www.twitter.com/joshua_schall INSTAGRAM - https://www.instagram.com/joshua_schall FACEBOOK - https://www.facebook.com/jschallconsulting MEDIUM - https://www.medium.com/@joshuaschall