AI Earnings Predictions for BellRing Brands Inc. (BRBR)

EX-99.1

2 brbrexh991-q22026earningsr.htm

EX-99.1 Q2 2026 EARNINGS PRESS RELEASE

Document

Exhibit 99.1

BellRing Brands Reports Results for the Second Quarter of Fiscal Year 2026; Updates Fiscal Year 2026 Outlook

St. Louis - May 5, 2026 - BellRing Brands, Inc. (NYSE:BRBR) (“BellRing”), a holding company operating in the global proactive wellness category, today reported results for the second fiscal quarter ended March 31, 2026.

Highlights:

•Second quarter net sales of $598.7 million, up 2% year-over-year

•Operating profit of $66.0 million, net earnings of $33.9 million and Adjusted EBITDA* of $53.8 million, each of which were impacted by a pre-tax $11 million inventory-related charge

•Updated fiscal year 2026 net sales outlook of $2.325-$2.365 billion and Adjusted EBITDA* outlook of $315-$335 million

*Adjusted EBITDA is a non-GAAP measure. For additional information regarding non-GAAP measures, see the related explanations presented under “Use of Non-GAAP Measures” later in this release. BellRing provides Adjusted EBITDA guidance only on a non-GAAP basis and does not provide a reconciliation of its forward-looking Adjusted EBITDA non-GAAP guidance measure to the most directly comparable GAAP measure due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation, including the adjustments described under “Outlook” later in this release.

“We are disappointed in our second quarter results. Heightened consumer price sensitivity together with a sustained promotional environment adversely impacted our sales mix. This unfavorable mix, along with higher freight costs and an inventory-related charge significantly pressured our margins. Even in this backdrop, Premier Protein brand metrics remain strong, evidenced by volume growth, strong brand equity scores and increases in household penetration. Looking ahead, we’re making the deliberate choice to continue investing to support our long-term growth. Our revised guidance incorporates promotional and consumer headwinds through the balance of the year, along with incremental inflation on protein and freight, while investing in advertising. While the current environment remains challenging, our category remains healthy and we are taking action to improve our long-term financial performance,” said Darcy Davenport, President and Chief Executive Officer of BellRing Brands.

Second Quarter Consumption Trends

Dollar consumption of Premier Protein ready-to-drink (“RTD”) shakes, Premier Protein powder products and Dymatize powder and RTD products increased 2.9%, 3.1% and 6.0%, respectively, in the 13-week period ended March 29, 2026, as compared to the same period in 2025 (inclusive of Circana United States (“U.S.”) Multi Outlet Plus with Convenience and management estimates of untracked channels). For additional information regarding consumption metrics, see the supplemental presentation on BellRing’s website, which can be accessed by visiting the Investor Relations section.

Second Quarter Operating Results

Net sales were $598.7 million, an increase of 1.8%, or $10.7 million, compared to the prior year period, driven by 10.8% increase in volume and 9.0% decrease in price/mix.

Premier Protein net sales increased 1.7%, driven by 11.3% increase in volume and 9.6% decrease in price/mix. Premier Protein RTD shake net sales increased 2.3%, driven by 11.7% increase in volume and 9.4% decrease in price/mix. Volume gains were driven by increased promotional activity and distribution gains. Price/mix was negatively impacted by incremental promotional investment and unfavorable mix.

Dymatize net sales decreased 1.9%, driven by 6.8% decrease in volume, which was partly offset by 4.9% increase in price/mix. Net sales benefited from higher average net selling prices, with volumes impacted by elasticities due to inflation-driven price increases.

Gross profit was $161.7 million, or 27.0% of net sales, a decrease of $28.1 million, compared to $189.8 million, or 32.3% of net sales, in the prior year period. Adjusted gross profit* was $136.0 million, or 22.7% of net sales, a decrease of $66.7 million,

1

compared to $202.7 million, or 34.5% of net sales in the prior year period. In the second quarter of 2026, gross profit and adjusted gross profit were impacted by significant input cost inflation (inclusive of tariffs), unfavorable price/mix and higher freight. In addition, gross profit and adjusted gross profit were impacted by an $11.3 million inventory-related charge associated with a third-party supplied ingredient that did not meet BellRing’s quality standards, with none of the finished goods released to customers; this represented a 190 unfavorable basis point impact to gross profit margin and adjusted gross profit margin.

*Adjusted gross profit and adjusted gross profit margin are non-GAAP measures that exclude mark-to-market adjustments on commodity hedges. For additional information regarding non-GAAP measures, s

brbr-202602020001772016false00017720162026-02-032026-02-03

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 2, 2026

BellRing Brands, Inc. (Exact name of registrant as specified in its charter) Delaware001-3909387-3296749 (State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.)

1 N Brentwood Blvd., Suite 1550St. LouisMissouri63105 (Address of Principal Executive Offices)(Zip Code)

Registrant’s telephone number, including area code: (314) 644-7652 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registered Common Stock, $0.01 par value per shareBRBRNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Item 2.02.    Results of Operation and Financial Condition.

On February 3, 2026, BellRing Brands, Inc. (the "Company") issued a press release announcing results for its first fiscal quarter ended December 31, 2025. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

In addition, on February 3, 2025, the Company published to the "Investor Relations" section of its website, www.bellringbrands.com, a supplemental presentation related to results for its first fiscal quarter ended December 31, 2025. A copy of the presentation is attached hereto as Exhibit 99.2 and incorporated herein by reference.

The information contained in Item 2.02, including Exhibit 99.1 and Exhibit 99.2 attached hereto, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, nor shall they be deemed incorporated by reference into any filings under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

Item 5.02.    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 3, 2026, the Company issued a press release announcing that, on February 2, 2026, Darcy H. Davenport notified the Board of Directors of BellRing Brands, Inc. of her retirement as President and Chief Executive Officer of the Company, effective on the earlier of the appointment of a new CEO or September 30, 2026. A copy of the press release is attached hereto as Exhibit 99.3 and incorporated herein by reference

The retirement of Ms. Davenport did not result from any disagreement with the Company on any matter relating to its operations, policies or practices.

9.01.    Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.Description

99.1Earnings Press Release dated February 3, 2026

99.2First Fiscal Quarter Ended December 31, 2025 Supplemental Presentation

99.3Leadership Transition Press Release dated February 3, 2026

104Cover Page Interactive Data File (the cover page iXBRL tags are embedded within the Inline XBRL document)

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date: February 3, 2026BellRing Brands, Inc.

(Registrant)

By:/s/ Paul A. Rode

Name:Paul A. Rode

Title:Chief Financial Officer

brbr-202511180001772016false00017720162025-11-182025-11-18

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 18, 2025

BellRing Brands, Inc. (Exact name of registrant as specified in its charter) Delaware001-3909387-3296749 (State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.)

2503 S. Hanley RoadSt. LouisMissouri63144 (Address of Principal Executive Offices)(Zip Code)

Registrant’s telephone number, including area code: (314) 644-7600 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registered Common Stock, $0.01 par value per shareBRBRNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Item 2.02.    Results of Operation and Financial Condition.

On November 18, 2025, BellRing Brands, Inc. (the "Company") issued a press release announcing results for its fourth fiscal quarter and fiscal year ended September 30, 2025. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

In addition, on November 18, 2025, the Company published to the "Investor Relations" section of its website, www.bellringbrands.com, a supplemental presentation related to results for its fourth fiscal quarter and year ended September 30, 2025. A copy of the presentation is attached hereto as Exhibit 99.2 and incorporated herein by reference.

The information contained in Item 2.02, including Exhibit 99.1 and Exhibit 99.2 attached hereto, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, nor shall they be deemed incorporated by reference into any filings under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

9.01.    Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.Description

99.1Press Release dated November 18, 2025

99.2Fourth Fiscal Quarter and Year Ended September 30, 2025 Supplemental Presentation

104Cover Page Interactive Data File (the cover page iXBRL tags are embedded within the Inline XBRL document)

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date: November 18, 2025BellRing Brands, Inc.

(Registrant)

By:/s/ Paul A. Rode

Name:Paul A. Rode

Title:Chief Financial Officer