Bellring Brands LLC (BRBR)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020
Gross profit (ttm)	US$ in thousands	556,400	530,200	497,200	481,400	451,300	421,800	395,500	386,600	386,600	386,200	380,000	337,400	338,600	338,000
Revenue (ttm)	US$ in thousands	1,734,500	1,666,800	1,573,400	1,498,100	1,427,700	1,371,500	1,332,300	1,304,300	1,271,200	1,247,100	1,189,700	1,051,300	1,026,700	988,300
Gross profit margin		32.08%	31.81%	31.60%	32.13%	31.61%	30.75%	29.69%	29.64%	30.41%	30.97%	31.94%	32.09%	32.98%	34.20%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $556,400K ÷ $1,734,500K
= 32.08%

Bellring Brands Inc has shown a gradual upward trend in its gross profit margin over the past eight quarters. The Q1 2024 gross profit margin of 32.08% represents the highest level during this period, indicating an improvement in the company's ability to generate profit from its revenue. This steady increase from 29.64% in Q2 2022 to 32.08% in Q1 2024 shows a positive trajectory in the company's operational efficiency and pricing strategy, which could be attributed to effective cost control measures, better pricing strategies, or improved product mix. Overall, this consistent improvement in the gross profit margin reflects positively on Bellring Brands Inc's profitability and financial performance.