BellRing Brands, Inc. (NYSE:BRBR) Q3 2022 Earnings Conference Call August 5, 2022 10:30 AM ET
Company Participants
Matt Manor - Investor Relations
Darcy Horn Davenport - President & Chief Executive Officer
Paul Rode - Chief Financial Officer
Conference Call Participants
Ken Goldman - JPMorgan
Pamela Kaufman - Morgan Stanley
Andrew Lazar - Barclays
Kaumil Gajrawala - Credit Suisse
John Baumgartner - Mizuho Securities
Kenneth Zaslow - Bank of Montreal
Operator
Welcome to the BellRing Brands Third Quarter 2022 Earnings Conference Call and Webcast. Hosting the call today for BellRing Brands are Darcy Davenport, President and Chief Executive Officer; and Paul Rode, Chief Financial Officer.
Today's call is being recorded and will be available for replay beginning at 1:30 p.m. Eastern Time. The dial-in number is (800)-839-5241. No passcode is required.
At this time, all participants have been placed in a listen-only mode. It is now my pleasure to turn the floor over to Matt Manor, Investor Relations of BellRing Brands for introductions. You may go ahead.
Matt Manor
Good morning, and thank you for joining us today for BellRing Brands Third Quarter Fiscal '22 Earnings Call. With me today are Darcy Davenport, our President and CEO; and Paul Rode, our CFO. Darcy and Paul will begin with prepared remarks. And afterwards, we'll have a brief question-and-answer session.
The press release and supplemental slide presentation that support these remarks are posted on our website in both the Investor Relations and the SEC filings sections at bellring.com. In addition, the release and slides are available on the SEC's website.
Before we continue, I'd like to remind you that this call will contain certain forward-looking statements, which are subject to risks and uncertainties that should be carefully considered by investors as actual results could differ materially from these statements. These forward-looking statements are current as of the date of this call, and management undertakes no obligation to update these statements.
As a reminder, this call is being recorded, and an audio replay will be available on our website. And finally, this Paul will discuss certain non-GAAP measures. For a reconciliation of these non-GAAP measures to the nearest GAAP measure, see our press release issued yesterday and posted on our website.
With that, I will turn the call over to Darcy.
Darcy Horn Davenport
Thanks, Matt, and thank you all for joining us. Last evening, we reported our third quarter results and posted the supplemental presentation to our website. I'd like to start with the quarter's headlines. Net sales grew 8% over prior year, and our adjusted EBITDA was up 15% with healthy margins. Premier Protein is tracking to our expectations. It grew 7% net sales versus prior year and grew sequentially 23% over Q2.