BellRing Brands, Inc. (NYSE:BRBR) Q4 2023 Results Conference Call November 21, 2023 9:00 AM ET

Company Participants

Jennifer Meyer - Investor Relations

Darcy Davenport - President and Chief Executive Officer

Paul Rode - Chief Financial Officer

Conference Call Participants

Andrew Lazar - Barclays

David Palmer - Evercore

Ken Goldman - JPMorgan

Pamela Kaufman - Morgan Stanley

Matt Smith - Stifel

Jim Salera - Stephens

Matt McGinley - Needham

Bryan Spillane - Bank of America

John Baumgartner - Mizuho Securities

Bill Chappell - Truist Securities

Jon Andersen - William Blair

Operator

Good day and thank you for standing by. Welcome to the BellRing Brands Fourth Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Jennifer Meyer, Investor Relations for BellRing.

Jennifer Meyer

Good morning, and thank you for joining us today for BellRing Brands' fourth quarter fiscal 2023 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 in the SEC filings section at bellring.com. In addition, the release and slides are available on the SEC's website.

Before we continue, I would like to remind you that this call will contain 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 call 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 Davenport

Thanks, Jennifer, and thank you all for joining us. Last evening, we reported our fourth quarter and fiscal '23 results and posted a supplemental presentation to our website. Fiscal '23 was a fantastic year for BellRing Brands. Our net sales grew 22%, with adjusted EBITDA up 25%.