BELLRING BRANDS, INC.

BellRing Brands, Inc. announced a workforce realignment to optimize financial and operational efficiency, expecting $10-12 million in annualized run-rate operating expense savings, with approximately $3 million being non-cash. The company anticipates incurring about $6 million in one-time charges, primarily for severance. Concurrently, Chief Growth Officer Douglas J. Cornille will step down, effective June 24, 2026, and depart the company by September 1, 2026, receiving benefits related to his termination.

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.

BellRing Brands, Inc. reported second fiscal quarter 2026 net sales of $598.7 million, an increase of 1.8% year-over-year. However, operating profit decreased to $66.0 million and net earnings fell to $33.9 million, significantly impacted by an $11.3 million inventory-related charge. The company updated its fiscal year 2026 outlook, lowering net sales guidance to $2.325-$2.365 billion and Adjusted EBITDA to $315-$335 million, citing heightened consumer price sensitivity, a sustained promotional environment, and higher costs. The company also repurchased 1.2 million shares for $26.2 million during the quarter.

BellRing Brands reported disappointing second fiscal quarter 2026 results, with net sales increasing 2% to $598.7 million. However, operating profit significantly decreased to $66.0 million and net earnings fell to $33.9 million, largely impacted by an $11.3 million inventory-related charge, unfavorable sales mix, and higher freight costs. Consequently, the company updated its fiscal year 2026 net sales outlook to $2.325-$2.365 billion and Adjusted EBITDA outlook to $315-$335 million, citing consumer price sensitivity and a sustained promotional environment. During the quarter, BellRing repurchased 1.2 million shares for $26.2 million.

BellRing Brands, Inc. (NYSE: BRBR) has scheduled the release of its financial results for the second quarter of fiscal year 2026 and its fiscal year 2026 outlook for May 5, 2026, at 7:00 a.m. ET. This announcement will be followed by a conference call at 8:30 a.m. ET on the same day, where President and CEO Darcy H. Davenport and CFO Paul A. Rode will discuss the results and provide insights into the company's forward guidance. Investors are encouraged to register in advance for the call or access the webcast through the company's investor relations website to gain a comprehensive understanding of BellRing's performance and strategic direction.