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Blue Buffalo Pet Products, Inc. (BUFF) SEC Filing 10-Q Quarterly report for the period ending Friday, September 30, 2016

Blue Buffalo Pet Products, Inc.

CIK: 1609989 Ticker: BUFF
Exhibit 99.1

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Blue Buffalo Reports Third Quarter 2016 Results And Announces CEO Succession
Wilton, CT - November 10, 2016 - Blue Buffalo Pet Products, Inc. (the “Company”) (NASDAQ: BUFF), the leading natural pet food company in the United States, today announced its third quarter 2016 results.
Third Quarter Highlights
Net sales of $288 million, up 11.0%
Net income of $21 million, down 20.6%; Adjusted Net Income of $45 million, up 32.3%
Adjusted EBITDA of $74 million, up 21.4%
Diluted EPS of $0.11, down 21.1% ; Adjusted Diluted EPS of $0.22, up 31.5%
2016 Outlook
Net sales between $1,140 million and $1,150 million
Raising Adjusted Diluted EPS outlook to $0.78 to $0.79
CEO Succession
Billy Bishop appointed CEO effective January 1, 2017
Kurt Schmidt retiring with transition through 2017
“Our strong performance continued into the third quarter, reflecting the high-quality execution of our strategy and our ability to drive strong pet parent demand across our channels. Given our performance through the first nine months of 2016, we are raising our EPS guidance for the year,” said CEO Kurt Schmidt. “It’s been an honor for me to lead Blue Buffalo for the last four years. Passing the baton to Billy has always been part of our succession plan, so on behalf of the Board, it is my pleasure to announce the appointment of Billy as our new CEO.”


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The following information was filed by Blue Buffalo Pet Products, Inc. (BUFF) on Thursday, November 10, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Blue Buffalo Pet Products, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2016 10-K Annual Report includes:

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Inside Blue Buffalo Pet Products, Inc.'s 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Unaudited Condensed Consolidated Balance Sheets
Unaudited Condensed Consolidated Balance Sheets Parenthetical
Unaudited Condensed Consolidated Statement Of Changes In Stockholders' Equity (deficit)
Unaudited Condensed Consolidated Statements Of Cash Flows
Unaudited Condensed Consolidated Statements Of Comprehensive Income
Unaudited Condensed Consolidated Statements Of Income
Basis Of Presentation
Basis Of Presentation (details)
Earnings Per Share
Earnings Per Share (details)
Earnings Per Share (tables)
Fair Value Measurements
Fair Value Measurements (details)
Inventories
Inventories (details)
Inventories (tables)
Legal Proceedings
Legal Proceedings Legal Proceedings (details)
Long-term Debt
Long-term Debt (tables)
Long-term Debt - Narrative (details)
Long-term Debt - Schedule Of Long-term Debt (details)
Property, Plant, And Equipment
Property, Plant, And Equipment (details)
Property, Plant, And Equipment (tables)
Receivables
Receivables (details)
Receivables (tables)
Related Parties
Related Parties (details)
Stock-based Compensation
Stock-based Compensation (tables)
Stock-based Compensation - Narrative (details)
Stock-based Compensation - Schedule Of Stock Options Outstanding (details)
Stock-based Compensation - Schedule Of Unrecognized Compensation Cost (details)
Stock-based Compensation Schedule Of Restricted Stock Activity (details)
Stock-based Compensation Schedule Of Weighted Average Assumptions (details)
The Company
The Company (details)

Material Contracts, Statements, Certifications & more

Blue Buffalo Pet Products, Inc. provided additional information to their SEC Filing as exhibits

Ticker: BUFF
CIK: 1609989
Form Type: 10-Q Quarterly Report
Accession Number: 0001609989-16-000088
Submitted to the SEC: Thu Nov 10 2016 9:25:31 PM EST
Accepted by the SEC: Mon Nov 14 2016
Period: Friday, September 30, 2016
Industry: Food And Kindred Products

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