BellRing Brands lowers FY adjusted EBITDA outlook to $275–$295m on inventory charges
BellRing Brands cut its full-year 2024 adjusted EBITDA forecast to $275–$295m from $315–$335m, citing inventory-related issues. The company said the change reflects $28m in unfavourable inventory impacts, including an $11.3m charge tied to a third-party ingredient that failed its quality requirements and a $10m charge for excess shake-bottle inventory. Net sales for the quarter ended in June rose 4% to $570.4m, but profitability was weighed down by the charges.