- Adjusted EBITDA was $120 million with margins at 22%, slightly ahead of expectations.
- Adjusted gross profit was $192 million, up 3%, with a margin of 35.1%, down 130 basis points due to input cost inflation and packaging redesign costs.
- Cash flow from operations was $40 million in Q3 and $92 million year-to-date; net debt was $971 million with net leverage at 2x, expected to end the year below 2x.
- Dymatize net sales increased 5%, driven by international and domestic RTD shake sales.
- Net sales for Q3 were $548 million, up 6% year-over-year.
- Premier Protein net sales grew 6%, with volume and pricing both up 3%.
- SG&A expenses were $145 million, including a $68 million legal provision related to discontinued Joint Juice brand; excluding this, SG&A was $76 million, a decrease as a percentage of net sales.
- Share repurchases totaled 1.3 million shares in Q3 for $83 million, with $197 million remaining authorization.
Related items and other data are not available for this feed item.
Dafinchi