Quarterly ResultMay 5, 2026, 10:27 AM
BellRing Brands Q1 Net Earnings Down 42% to $33.9M; EPS $0.29
AI Summary
BellRing Brands reported a significant decline in net earnings and diluted EPS for the three and six months ended March 31, 2026, despite a slight increase in net sales. Net earnings for the quarter fell 42.2% to $33.9 million, with diluted EPS decreasing 35.6% to $0.29. The company also reached class-wide settlements in the Joint Juice Litigation, with an estimated liability of $86.0 million, and is facing new securities class action and shareholder derivative lawsuits. Additionally, BellRing Brands amended its Revolving Credit Facility, increasing its capacity and extending its maturity.
Key Highlights
- Net Earnings for Q1 2026 decreased 42.2% to $33.9M from $58.7M in Q1 2025.
- Diluted EPS for Q1 2026 fell 35.6% to $0.29 from $0.45 in Q1 2025.
- Net Sales for Q1 2026 increased 1.8% to $598.7M from $588.0M in Q1 2025.
- Gross Profit for Q1 2026 decreased 14.8% to $161.7M from $189.8M in Q1 2025.
- Joint Juice Litigation settlements total an estimated liability of $86.0M.
- Revolving Credit Facility increased to $500.0M and maturity extended to August 2030.
- Net cash used in operating activities was $(14.3)M for the six months ended March 31, 2026.
- BellRing Brands repurchased 1.2M shares for $26.6M during Q1 2026.