Core Viewpoint - A class action lawsuit has been filed against BellRing Brands, Inc. for allegedly misleading investors regarding the company's sales growth during the specified period [1][3]. Company Overview - BellRing Brands, Inc. is headquartered in St. Louis, MO, and markets nutrition products including ready-to-drink protein shakes, nutrition drinks, powders, and protein bars under the Premier Protein and Dymatize brands [2]. Lawsuit Details - The lawsuit claims that during the class period from November 19, 2024, to August 4, 2025, BellRing's CEO and CFO misrepresented the company's sales growth as being driven by increased consumer demand and organic growth, while downplaying competitive impacts [3]. - Contrary to the defendants' statements, the lawsuit alleges that the reported sales were primarily due to inventory stockpiling by key customers [4].

Financial Data and Key Metrics Changes - Total net sales for the quarter were $537 million, up 1% year-over-year, with Adjusted EBITDA of $90 million at a margin of 16.8% [19][20] - Premier Protein net sales decreased by 1%, while Dymatize net sales increased by 16% due to strong international growth [19][20] - Adjusted EBITDA guidance was updated to $425 million-$440 million, reflecting a slight mix shift towards the lower-margin Dymatize business and increased whey costs [21][23] Business Line Data and Key Metrics Changes - Premier RTD shake consumption was down 2% in the quarter, while Dymatize experienced a 16% increase in sales [19][20] - Premier shake volumes were flat, with price mix and unfavorable factors contributing to a 2% decline [19][20] - The wellness category grew 7% in Q1, with RTD shakes also up 7%, driven primarily by volume [9] Market Data and Key Metrics Changes - The RTD shake category is expected to grow in the high single digits for 2026, driven by volume and increased marketing spend [7][9] - The U.S. category size increased to $24 billion from $21 billion due to a change in category definition from convenient nutrition to wellness [8][9] - Retailers are increasing category space and testing higher traffic aisle locations to capture growing consumer demand [7] Company Strategy and Development Direction - The company is focused on growing distribution, increasing brand investments, and launching innovation, which are expected to positively impact consumption [6][10] - A new advertising campaign, "Go Get 'Em," aims to drive household penetration and strengthen emotional connections with consumers [12][13] - The company plans to launch new shake lines targeting different protein levels and consumer experiences in the second half of the year [15][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the category's growth and the strength of their brands, despite increased promotional activity from insurgent brands [16][17] - The company anticipates an acceleration in growth in the second half of the year, supported by distribution gains and innovation [22][24] - Management acknowledged the challenges posed by input cost inflation and tariffs but remains optimistic about long-term value creation for shareholders [21][23] Other Important Information - A leadership transition plan was announced, with the current CEO set to retire by the end of the fiscal year on September 30, 2026 [16][17] - The company is committed to returning cash to shareholders through share repurchases, with $97 million repurchased in the first quarter [21] Q&A Session Questions and Answers Question: What results are being seen from the mass merchandiser test? - The program is performing well, with record weekly sales and plans to expand to other retailers based on positive results [29][31] Question: Can you elaborate on the consumption trends for Premier Protein? - Consumption was slightly below expectations due to timing delays and increased promotional activity from competitors, but there is strong momentum with a 6% increase in January across all channels [36][37] Question: What are the assumptions for the second half of the year? - The company expects consumption to improve in Q2 and further in H2, driven by distribution, advertising, and innovation initiatives [45][46] Question: Are there any updates on the competitive landscape with insurgent brands? - The company is observing a shakeout among insurgent brands, with some not making it in the club channel due to high thresholds [54][55] Question: How is Dymatize performing in international markets? - Dymatize has been performing well internationally, with strong growth in various markets, and the brand resonates well with consumers [63][65] Question: Has the change in category definition affected M&A priorities? - The change reflects evolving consumer preferences, and the company is continuously looking for organic and inorganic growth opportunities [69]

Financial Data and Key Metrics Changes - Total BellRing net sales for the quarter were $537 million, up 1% year-over-year, with Adjusted EBITDA of $90 million at a margin of 16.8% [19][20] - Premier Protein net sales were down 1%, while Dymatize net sales increased by 16% due to strong international growth [19][20] - Adjusted EBITDA guidance was updated to $425 million-$440 million, reflecting a decline in adjusted gross margins due to input cost inflation and increased promotional investments [21][23] Business Line Data and Key Metrics Changes - Premier RTD shake consumption was down 2% in the quarter, while Dymatize saw a 16% increase in sales driven by international markets [9][19] - Premier shake volumes were flat, with price mix and unfavorable factors contributing to a 2% decline [19] - The wellness category grew 7% in Q1, with RTD shakes also up 7%, primarily driven by volume [9] Market Data and Key Metrics Changes - The RTD shake category holds a 22% market share for Premier, with expectations of high single-digit growth for 2026 [4][7] - Retailers are increasing category space and testing higher traffic aisle locations to capture growing consumer demand [7] - The broader category definition has increased the U.S. category size to $24 billion from $21 billion, reflecting changing consumer perceptions [8] Company Strategy and Development Direction - The company is focused on growing distribution, increasing brand investments, and launching innovations to drive consumption [6][10] - A new advertising campaign, "Go Get 'Em," aims to strengthen emotional connections and drive household penetration [12][13] - The company plans to launch new shake lines targeting different consumer needs and occasions in the second half of the year [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the category's growth and the strength of their brands, despite increased promotional activity from insurgent brands [16][17] - The company anticipates an acceleration in growth in the second half of the year, driven by distribution gains and increased brand investment [22][24] - Management acknowledged the challenges posed by input cost inflation and tariffs but remains optimistic about long-term value creation for shareholders [23][25] Other Important Information - A leadership transition plan was announced, with the current CEO set to retire by September 30, 2026, and a search for a new CEO is underway [16][17] - The company continues to return cash to shareholders through share repurchases, totaling $97 million in the first quarter [21] Q&A Session Summary Question: Performance of mass merchandiser test for Premier Protein - Management reported that the program is performing well, with record weekly sales and plans to expand the initiative to other retailers [29][30] Question: Consumption trends for Premier Protein - Management noted that consumption was impacted by promotional delays and increased competition, but they expect improvement moving forward [36][37] Question: Future promotional activities and merchandising events - Management indicated that they are working on expanding promotional plans based on recent successes and learnings from current merchandising events [76][77] Question: Insights on Dymatize's international growth - Dymatize has been performing well internationally, with strong sales in various global markets, and management expects this trend to continue [63][64] Question: M&A opportunities in the protein shake category - Management is actively monitoring the competitive landscape and is open to both organic and inorganic growth opportunities [91][92]

Financial Data and Key Metrics Changes - Total net sales for BellRing Brands in Q1 2026 were $537 million, representing a 1% increase year-over-year [19] - Adjusted EBITDA was $90 million with a margin of 16.8%, exceeding expectations due to timing benefits from customer orders [19] - Premier Protein net sales decreased by 1%, while Dymatize net sales increased by 16% driven by strong international growth [19][20] - Gross profit was $161 million, with a gross profit margin of 29.9%, reflecting a decline of 730 basis points due to input cost inflation and unfavorable mix [20][24] Business Line Data and Key Metrics Changes - Premier RTD shake consumption was down 2% in Q1, compared to a 23% growth in Q1 2025, primarily due to timing delays in promotional displays and increased competition [8][19] - Dymatize's strong performance in international markets contributed to its 16% sales growth [19][66] Market Data and Key Metrics Changes - The RTD shake category is expected to grow in the high single digits for 2026, driven by volume and increased marketing spend [6][24] - The wellness category, which includes RTD shakes, grew 7% in Q1, with RTD shakes also up 7% [8] Company Strategy and Development Direction - The company is focused on growing distribution, increasing brand investments, and launching innovative products [4][5] - A new advertising campaign, "Go Get 'Em," aims to enhance household penetration and brand relevance [12] - The company is expanding its category definition from convenient nutrition to wellness, increasing the U.S. category size to $24 billion from $21 billion [7][73] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the category's growth and the company's ability to lead despite increased competition [7][16] - The leadership transition plan was announced, with the current CEO set to retire by September 30, 2026, and a national search for a new CEO underway [16][17] Other Important Information - The company expects net sales for 2026 to be between $2.41 billion and $2.46 billion, reflecting 4%-6% growth [22] - Adjusted EBITDA guidance was updated to $425 million-$440 million, incorporating higher whey costs and a shift towards lower-margin products [24] Q&A Session Summary Question: Performance of mass merchandiser test for Premier Protein - Management reported that the program is performing well, with record weekly sales and plans to expand to other retailers based on positive results [30][32] Question: Consumption trends for Premier Protein - Management acknowledged that consumption was slightly below expectations due to promotional timing and increased competition, but noted a 6% increase in consumption across all channels in January [35][38] Question: Future promotional activities and merchandising events - Management indicated that the mass retailer merchandising event is now meeting expectations and plans to enhance future promotions based on current learnings [75][82] Question: Insights on Dymatize's international growth - Dymatize has been performing well internationally, with strong sales in various global markets, and management expects this trend to continue [66][68] Question: M&A opportunities in the protein shake category - Management is actively monitoring the competitive landscape and is open to potential acquisitions of successful insurgent brands [97]

分组1 - BellRing Brands reported quarterly earnings of $0.37 per share, exceeding the Zacks Consensus Estimate of $0.31 per share, but down from $0.58 per share a year ago, representing an earnings surprise of +18.82% [1] - The company posted revenues of $537.3 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 6.83%, and showing a slight increase from year-ago revenues of $532.9 million [2] - BellRing Brands has surpassed consensus EPS estimates two times over the last four quarters and topped consensus revenue estimates four times during the same period [2] 分组2 - The stock has underperformed the market, losing about 8.8% since the beginning of the year compared to the S&P 500's gain of 1.9% [3] - The current consensus EPS estimate for the coming quarter is $0.38 on revenues of $614.06 million, and for the current fiscal year, it is $1.90 on revenues of $2.4 billion [7] - The Zacks Industry Rank for Food - Miscellaneous is currently in the bottom 24% of over 250 Zacks industries, indicating potential challenges for the sector [8]

Darcy Davenport, the president and CEO of BellRing Brands, is planning to leave the US sports-nutrition group. The news came alongside the publication of the company's first-quarter results for its 2026 financial year. Davenport will step down by the end of September or once a new chief executive officer is appointed, BellRing Brands said in a statement today (3 February). She will remain in his position and a member of the board until the transition takes place and will continue to work in an advisory ...

Core Viewpoint - Wilson Asset Management has sold its entire stake in BellRing Brands, indicating a significant reassessment of risk following a substantial decline in the company's stock price [1][2][7]. Company Overview - BellRing Brands, Inc. is a prominent provider of nutrition products, focusing on high-protein shakes and powders, leveraging a strong brand portfolio and diverse distribution channels [6]. - The company operates a branded consumer packaged goods model, generating income through various retail channels, targeting health-conscious consumers and fitness enthusiasts [9]. Financial Performance - As of February 2, BellRing Brands had a market capitalization of $2.92 billion, with shares priced at $24.39, reflecting a 68.8% decline over the past year, significantly underperforming the S&P 500's 15% gain [3][4]. - In the latest quarter, net sales increased by approximately 1% year over year to $537.3 million, while adjusted EBITDA fell sharply to $90.3 million due to rising whey protein costs and increased promotions [10]. Leadership and Strategic Challenges - The company is facing leadership uncertainty, with CEO Darcy Davenport set to retire once a successor is named, adding to the challenges in the near-term outlook [11]. - The current market environment presents difficulties for BellRing, as it is a capital-intensive consumer brand contending with input inflation, which complicates its growth trajectory [12].

Investor Presentation November 2022 First Quarter Fiscal Year 2026 Supplemental Presentation February 3, 2026 Cautionary Statement Regarding Forward-Looking Statements Certain matters discussed in this presentation and the accompanying oral presentation are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made based on known events and circumstances at the time of presentation, and as such, are subject to uncertainty ...

SAN FRANCISCO, Feb. 03, 2026 (GLOBE NEWSWIRE) -- National shareholder rights law firm Hagens Berman is issuing an updated notice to investors in BellRing Brands, Inc. (NYSE: BRBR) regarding the March 23, 2026, lead plaintiff deadline accusing BellRing and certain of BellRing’s top executives of securities fraud. CLICK HERE TO SUBMIT YOUR BRBR LOSSES NOW The suit alleges Defendants misled investors about the true drivers of BellRing’s 2025 sales growth. The truth emerged over a series of disclosures revealin ...

Financial Performance - Net sales for the first quarter of fiscal year 2026 were $537.3 million, an increase of 0.8% year-over-year, driven by a 0.7% increase in volume and a 0.1% increase in price/mix [5]. - Premier Protein net sales decreased by 1.2%, with a 1.0% decrease in price/mix and a 0.2% decrease in volume, while Dymatize net sales increased by 15.8% due to strong volume growth, particularly in the international channel [6]. - Gross profit was $160.8 million, or 29.9% of net sales, a decrease from $199.6 million, or 37.5% of net sales, in the prior year period, impacted by significant input cost inflation [7]. - Adjusted EBITDA for the first quarter was $90.3 million, a decrease of $35.0 million compared to $125.3 million in the prior year period [12]. - Net earnings for the first quarter were $43.7 million, a decrease of $33.2 million compared to $76.9 million in the prior year period, with diluted earnings per share at $0.36 [11]. - Operating profit fell to $78.5 million in Q1 2025, compared to $115.3 million in Q1 2024, indicating a decline of 31.9% [26]. - Net earnings for the three months ended December 31, 2025, were $43.7 million, down from $76.9 million in the same period of 2024, a decrease of 43.3% [26]. - Adjusted net earnings for Q1 2025 were $44.7 million, compared to $76.2 million in Q1 2024, reflecting a decline of 41.6% [40]. - Diluted earnings per common share decreased to $0.36 in Q1 2025 from $0.59 in Q1 2024, a drop of 38.7% [42]. Outlook - The company has narrowed its fiscal year 2026 net sales outlook to $2.41-$2.46 billion, expecting a growth rate of 4% to 6% [15]. - Adjusted EBITDA outlook for fiscal year 2026 is set at $425-$440 million, approximately 18% of net sales [15]. Expenses and Costs - Selling, general and administrative expenses were $78.0 million, or 14.5% of net sales, a decrease from $80.1 million, or 15.0% of net sales, in the prior year period [8]. - Interest expense increased to $20.0 million in the first quarter of 2026 from $14.4 million in the prior year, primarily due to higher outstanding borrowings [10]. - Income tax expense decreased to $14.8 million in Q4 2025 from $24.0 million in Q4 2024 [44]. - Stock-based compensation decreased to $5.6 million in Q4 2025 from $6.3 million in Q4 2024 [44]. - Office relocation costs were $0.9 million in Q4 2025, with no such costs reported in Q4 2024 [44]. - Separation costs were $0.4 million in Q4 2025, with no such costs reported in Q4 2024 [44]. Assets and Liabilities - Total assets increased to $1,060.3 million as of December 31, 2025, up from $941.0 million as of September 30, 2025, representing a growth of 12.7% [28]. - Long-term debt rose to $1,184.6 million as of December 31, 2025, compared to $1,084.3 million as of September 30, 2025, an increase of 9.2% [28]. - Cash and cash equivalents decreased to $64.1 million as of December 31, 2025, down from $71.8 million as of September 30, 2025, a decline of 24.1% [28]. - The company reported a net decrease in cash, cash equivalents, and restricted cash of $12.1 million for the three months ended December 31, 2025, compared to a decrease of $21.5 million in the same period of 2024 [29]. Market Performance - Net sales for the three months ended December 31, 2025, were $537.3 million, a slight increase from $532.9 million in the same period of 2024, representing a growth of 0.8% [26]. - Gross profit decreased to $160.8 million in Q1 2025 from $199.6 million in Q1 2024, reflecting a gross profit margin of 29.9%, down from 37.5% [26][37]. - Net Earnings as a percentage of Net Sales decreased to 8.1% in Q4 2025 from 14.4% in Q4 2024 [44]. - Adjusted EBITDA as a percentage of Net Sales decreased to 16.8% in Q4 2025 from 23.5% in Q4 2024 [44]. - Interest expense increased to $20.0 million in Q4 2025 from $14.4 million in Q4 2024 [44]. - Mark-to-market adjustments on commodity hedges showed no impact in Q4 2025, compared to a loss of $1.5 million in Q4 2024 [44].