Investor Presentation November 2022 These forward-looking statements include, among others, statements regarding BellRing Brands, Inc.'s ("BellRing") net sales, Adjusted EBITDA and capital expenditure outlook ranges and BellRing's prospective financial and operating performance and opportunities. These forward- looking statements are sometimes identified from the use of forward-looking words such as "believe," "should," "could," "potential," "continue," "expect," "project," "estimate," "predict," "anticipat ...

Core Viewpoint - BellRing Brands, Inc. is under investigation for potential violations of federal securities laws, with concerns regarding the sustainability of its sales growth driven by temporary trade inventory loading rather than genuine consumer demand [1][2]. Group 1: Company Overview - BellRing operates in the convenient nutrition category, primarily known for its brands Premier Protein and Dymatize, which offer ready-to-drink protein shakes and powders [2]. - The company reported that Premier Protein achieved an all-time high in household penetration and strong demand across all channels, attributed to distribution expansion and promotional activities [2]. Group 2: Sales Growth Concerns - The sales growth during the relevant period may not be sustainable, as it could have been influenced by temporary trade inventory loading at key retailers [2]. - On May 5, 2025, BellRing disclosed that several key retailers reduced their weeks of supply on hand, which would negatively impact growth in Q3 2025 [3]. Group 3: Stock Market Reaction - Following the announcement on May 5, 2025, BellRing's stock price dropped by $13.96 per share, a decline of over 18%, from $77.34 to $63.38 on May 6, 2025 [3].

Core Viewpoint - BellRing Brands reported strong third-quarter earnings for fiscal 2025, exceeding revenue and EPS expectations, but faced significant legal costs impacting net earnings [1][2][5] Financial Performance - GAAP revenue reached $547.5 million, surpassing the analyst consensus of $531.7 million, marking a year-over-year increase of 6.2% from $515.4 million [2][5] - Non-GAAP EPS was $0.55, exceeding the estimate of $0.50 and slightly up from $0.54 in Q3 FY2024 [2] - Net earnings fell sharply to $21.0 million from $73.7 million in Q3 FY2024, a decline of 71.5%, primarily due to a $68.1 million legal provision [2][6] Business Overview - BellRing Brands specializes in ready-to-drink protein shakes and health-focused food products, with key brands including Premier Protein and Dymatize [3] - The company emphasizes growth in the health and wellness category, driven by consumer demand for high-protein, on-the-go nutrition [4] Sales and Market Trends - Premier Protein's net sales grew by 6.0%, while Dymatize saw a 5.4% increase, supported by new product launches and international growth [5][10] - Consumption data showed significant increases, with Premier Protein RTD shakes and powders up 18.6% and 27.2%, respectively, for the 13-week period ending June 29, 2025 [7][8] Operational Insights - Adjusted gross profit margin decreased from 36.4% to 35.1% year-over-year due to input cost inflation and increased promotional activity [6] - The company repurchased 1.3 million shares at an average price of $65.07, contributing to an increase in long-term debt to $1,009.0 million from $833.1 million [8] Legal and Risk Management - A $68.1 million legal expense related to the discontinued Joint Juice brand was recorded, highlighting ongoing legal risks [12] - Management indicated that the settlement is expected to resolve legacy product risks, emphasizing the need for vigilant risk management [12] Future Guidance - For FY2025, the company expects net sales between $2.28 billion and $2.32 billion, and adjusted EBITDA of $480 million to $490 million, reflecting year-over-year growth [13] - Management noted potential cost pressures from input prices and promotional spending, with capital expenditures forecasted at $9 million for FY2025 [13][14]

Core Viewpoint - BellRing Brands (BRBR) reported quarterly earnings of $0.55 per share, exceeding the Zacks Consensus Estimate of $0.49 per share, and showing a slight increase from $0.54 per share a year ago, indicating a positive earnings surprise of +12.24% [1][2] Financial Performance - The company achieved revenues of $547.5 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 2.84% and reflecting a year-over-year increase from $515.4 million [2] - Over the last four quarters, BellRing Brands has exceeded consensus EPS estimates three times and topped revenue estimates four times [2] Stock Performance and Outlook - BellRing Brands shares have declined approximately 28.2% since the beginning of the year, contrasting with the S&P 500's gain of 6.1% [3] - The current consensus EPS estimate for the upcoming quarter is $0.60 on revenues of $651.66 million, and for the current fiscal year, it is $2.20 on revenues of $2.3 billion [7] Industry Context - The Zacks Industry Rank for Food - Miscellaneous, to which BellRing Brands belongs, is currently in the bottom 22% of over 250 Zacks industries, suggesting potential challenges ahead [8]

Exhibit 99.1 BellRing Brands Reports Results for the Third Quarter 2025; Narrows Fiscal Year 2025 Outlook St. Louis - August 4, 2025 - BellRing Brands, Inc. (NYSE:BRBR) ("BellRing"), a holding company operating in the global convenient nutrition category, today reported results for the third fiscal quarter ended June 30, 2025. Highlights: *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" la ...

Core Insights - BellRing Brands, Inc. reported strong third-quarter performance with net sales of $547.5 million, reflecting a 6.2% increase year-over-year, driven by a 3.5% increase in volume and a 2.7% increase in price/mix [4][5] - The company achieved record levels of household penetration and distribution, maintaining industry-leading loyalty metrics, particularly for its Premier Protein brand [3][5] - Adjusted EBITDA for the third quarter was $120.3 million, a slight increase of 0.7% compared to the previous year [14] Financial Performance - Net sales for the third quarter reached $547.5 million, up from $515.4 million in the prior year [37] - Gross profit was $193.6 million, representing 35.4% of net sales, an increase from 36.8% in the prior year [7][37] - Operating profit decreased significantly to $44.8 million, down 59.9% from $111.6 million in the prior year, primarily due to a $68.1 million provision for legal matters [11][37] Segment Performance - Premier Protein net sales increased by 6.0%, driven by a 3.5% volume growth and a 2.5% increase in price/mix [5] - Dymatize net sales grew by 5.4%, supported by a 5.1% increase in volume, attributed to higher international sales and new product introductions [6] Legal Matters - The company reached a settlement in principle for $90 million related to Joint Juice litigation, which is subject to judicial approval [24] Share Repurchase Activity - In the third quarter, BellRing repurchased 1.3 million shares for $83 million at an average price of $65.07 per share, with a total of 3.8 million shares repurchased for $265.6 million in the nine months ended June 30, 2025 [25] Outlook - The fiscal year 2025 net sales outlook has been narrowed to a range of $2.28 billion to $2.32 billion, with Adjusted EBITDA expected to be between $480 million and $490 million, indicating growth of 14%-16% and 9%-11% respectively over fiscal year 2024 [26]

Core Viewpoint - BellRing Brands, Inc. is under investigation for potential violations of federal securities laws, with concerns regarding the sustainability of its sales growth driven by temporary trade inventory loading rather than genuine consumer demand [1][2]. Group 1: Company Overview - BellRing operates in the convenient nutrition category, primarily known for its brands Premier Protein and Dymatize, which offer ready-to-drink protein shakes and powders [2]. - The company reported that Premier Protein achieved an all-time high in household penetration and claimed strong demand across all channels, attributed to distribution expansion and promotional activities [2]. Group 2: Sales Growth and Market Reaction - The sales growth during the relevant period may not be sustainable, as it could have been influenced by temporary inventory loading at key retailers [2]. - On May 5, 2025, BellRing disclosed that several key retailers reduced their weeks of supply, which would negatively impact growth in Q3 2025. The company also announced plans to expand promotions to counteract these reductions [3]. - Following this announcement, BellRing's stock price dropped by $13.96, or over 18%, from $77.34 to $63.38 per share [3].

Core Viewpoint - BellRing Brands, Inc. is under investigation for potential violations of federal securities laws, with concerns regarding the sustainability of its sales growth driven by temporary trade inventory loading rather than genuine consumer demand [1][2]. Group 1: Company Overview - BellRing operates in the convenient nutrition category, primarily known for its brands Premier Protein and Dymatize, which offer ready-to-drink protein shakes and powders [2]. - The company reported that Premier Protein achieved an all-time high in household penetration and claimed strong demand across all channels, attributed to distribution expansion and promotional activities [2]. Group 2: Sales Growth and Market Reaction - The sales growth during the relevant period may not be sustainable, as it could have been influenced by temporary inventory loading at key retailers [2]. - On May 5, 2025, BellRing disclosed that several key retailers reduced their weeks of supply, which would negatively impact growth in Q3 2025. This announcement led to a significant stock price decline of $13.96 per share, or over 18%, dropping from $77.34 to $63.38 on May 6, 2025 [3].

Core Insights - The Portnoy Law Firm has initiated an investigation into potential securities fraud involving BellRing Brands, Inc. and may file a class action on behalf of affected investors [1][2] - Following the release of fiscal Q2 2025 financial results, BellRing Brands disclosed a reduction in weeks of supply by key retailers, which is expected to hinder growth in Q3 2025 [3][4] - The company anticipates net sales growth for Q3 2025 to be in the "low single digits," primarily driven by Premier Protein, while other product lines are projected to be "flat to down" [4] - After these announcements, BellRing Brands' stock price fell sharply by $13.96 per share, a decline of over 18%, from $77.34 on May 5 to $63.38 on May 6, 2025 [5]

Core Viewpoint - BellRing Brands, Inc. is under investigation for potential violations of federal securities laws, with concerns regarding the sustainability of its sales growth driven by temporary trade inventory loading rather than genuine consumer demand [1][2]. Group 1: Company Overview - BellRing operates in the convenient nutrition category, primarily known for its brands Premier Protein and Dymatize, which offer ready-to-drink protein shakes and powders [2]. - The company reported that Premier Protein achieved an all-time high in household penetration and claimed strong demand across all channels, attributed to distribution expansion and promotional activities [2]. Group 2: Sales Growth and Market Reaction - The sales growth during the relevant period may not be sustainable, as it could have been influenced by temporary inventory loading at key retailers [2]. - On May 5, 2025, BellRing disclosed that several key retailers reduced their weeks of supply, which would negatively impact growth in Q3 2025. This announcement led to a significant stock price decline of $13.96 per share, or over 18%, dropping from $77.34 to $63.38 on May 6, 2025 [3].