Financial Data and Key Metrics Changes - For fiscal year 2025, the company reported a net sales growth of 16% and an adjusted EBITDA margin of 20.8% [5][21] - Adjusted EBITDA for the year was $482 million, with cash flow from operations amounting to $261 million [21] - The company repurchased approximately 7% of its outstanding shares, totaling $473 million [21] Business Line Data and Key Metrics Changes - The ready-to-drink (RTD) shake category grew by 15%, with Premier shake consumption increasing by 20% due to promotional events [6][22] - Premier Protein's net sales grew by 15%, while Dymatize's net sales surged by 33% [22][23] - Adjusted gross profit margin decreased by 620 basis points to 29.7%, attributed to input cost inflation and increased promotional activity [23] Market Data and Key Metrics Changes - The RTD shake category has doubled in retail sales since 2019, reaching $8.7 billion, with Premier Protein holding approximately 50% market share [7][8] - Household penetration for RTD shakes is at 54%, indicating significant growth potential compared to mature CPG categories [7] Company Strategy and Development Direction - The company plans to focus on expanding distribution, increasing advertising investment, and launching innovative products [14][15] - Long-term revenue growth is now projected at 7%-9%, down from previous expectations of low double digits, with Premier Protein expected to drive this growth [10][11] - The company aims to maintain an adjusted EBITDA margin of 18%-20%, with increased brand investments supported by cost savings initiatives [11][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the category's momentum despite increased competition, highlighting Premier's strong market position [35][36] - The company anticipates a challenging Q1 but expects stronger performance in the latter half of the year [19][30] - Management noted that while promotional spending may increase, the overall promotional intensity in the category remains relatively low [90] Other Important Information - The company is focusing on innovation, including the launch of new flavors and product lines, such as almond milk shakes and coffee house shakes [17][18] - The company is leveraging partnerships with major retailers to enhance distribution and visibility [15][19] Q&A Session Summary Question: Changes in the competitive landscape and its impact on 2026 plans - Management noted that while competition has increased, Premier's strong market position and household penetration remain unchanged, providing confidence in future growth [35][36] Question: Insights on repeat rates for new entrants in the category - Management indicated that they expect their major club customer to maintain an expanded set, while monitoring the performance of insurgent brands [41][42] Question: Growth expectations in the club channel - Management expects growth to primarily come from outside the club channel, with improvements anticipated as comparisons ease [48] Question: Consumption trends and competition impact - Management expects consumption to improve in the latter half of December, driven by new partnerships and advertising efforts [54][56] Question: Insights on EBITDA margin expectations - Management highlighted that the anticipated decline in EBITDA margins is primarily due to tariffs and increased promotional spending, with expectations for improvement in the second half of the year [68][70] Question: Market share potential of insurgent brands - Management believes that while some insurgent brands may succeed, the complexity of expanding nationally will limit their growth compared to established brands like Premier [76][78] Question: Pricing expectations and promotional activity - Management expects a low single-digit headwind related to pricing for Premier Protein, with increased promotional activity anticipated in 2026 [85][90] Question: Long-term strategy regarding product portfolio - Management confirmed a focus on ready-to-drink shakes and powders, with no plans to re-enter the bars category, opting instead for licensing opportunities in adjacent products [96][97]

Financial Data and Key Metrics Changes - For fiscal year 2025, the company reported a net sales growth of 16% and an adjusted EBITDA margin of 20.8% [5][21] - Adjusted EBITDA for the year was $482 million, with cash flow from operations amounting to $261 million [21] - The company repurchased approximately 7% of its outstanding shares, totaling 9 million shares for $473 million [21] Business Line Data and Key Metrics Changes - The ready-to-drink (RTD) shake category grew by 15%, with Premier shake consumption increasing by 20% due to promotional events [6][22] - Premier Protein's net sales grew by 15%, while Dymatize's net sales surged by 33% [22][23] - Adjusted gross profit margin decreased by 620 basis points to 29.7%, primarily due to input cost inflation and increased promotional activity [23] Market Data and Key Metrics Changes - The RTD shake category has doubled in retail sales since 2019, reaching $8.7 billion, with Premier Protein holding approximately 50% market share [7][8] - Household penetration for RTD shakes is at 54%, indicating significant growth potential compared to mature CPG categories [7] - The competitive landscape includes insurgent brands and declining legacy brands, with expectations for consolidation around top-performing brands [8][10] Company Strategy and Development Direction - The company plans to focus on expanding distribution, increasing advertising investment, and launching innovative products [14][16] - Long-term revenue growth is now projected at 7-9%, with Premier Protein expected to drive this growth [10][11] - The company aims to maintain an adjusted EBITDA margin of 18-20%, supported by cost savings initiatives [11][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the category's momentum and Premier's leading position despite increased competition [35][36] - The first quarter of fiscal 2026 is expected to be softer, but stronger performance is anticipated for the remainder of the year [11][30] - Management highlighted the importance of innovation and advertising in driving future growth [16][19] Other Important Information - The company is focusing on cost savings initiatives to mitigate the impact of inflation and tariffs on margins [25][26] - New product launches, including almond milk shakes and coffee house shakes, are part of the innovation strategy for 2026 [17][18] Q&A Session Summary Question: Changes in the competitive landscape and its influence on 2026 plans - Management noted that while competition has increased, the category's momentum remains strong, with Premier Protein maintaining its leading position [35][36] Question: Insights on repeat rates for new entrants in the category - Management indicated that they expect their major club customer to maintain an expanded set, and they are monitoring repeat rates closely [41][42] Question: Growth expectations in the club channel - Management expects major growth to come from outside the club channel, with improvements anticipated as comparisons ease [48] Question: Consumption trends and innovation contributions - Management expects consumption to accelerate in the second half of December, driven by new partnerships and advertising [54][56] Question: Insights on EBITDA margin pressures - Management highlighted that the primary drivers of margin pressure include tariffs, inflation, and increased advertising [68][70] Question: Market share potential of insurgent brands - Management believes that while some insurgent brands may succeed, the complexity of scaling nationally will limit their growth [76][78] Question: Pricing expectations and promotional activity - Management anticipates a low single-digit headwind related to pricing for Premier Protein, with increased promotional activity expected [85][90]

Financial Data and Key Metrics Changes - For fiscal year 2025, the company reported a net sales growth of 16% and an adjusted EBITDA margin of 20.8% [4][18] - Adjusted EBITDA for the year was $482 million, with cash flow from operations amounting to $261 million [17][18] - The company repurchased approximately 7% of its outstanding shares, totaling 9 million shares for $473 million [17][18] Business Line Data and Key Metrics Changes - The ready-to-drink (RTD) shake category grew by 15%, with Premier shake consumption increasing by 20% due to promotional events [4][18] - Premier Protein's net sales grew by 15%, while Dymatize's net sales surged by 33%, driven by strong volumes [18][19] - Adjusted gross profit margin decreased by 620 basis points to 29.7%, attributed to input cost inflation and increased promotional activity [19][20] Market Data and Key Metrics Changes - The RTD shake category has doubled in retail sales since 2019, reaching $8.7 billion, with Premier Protein holding approximately 50% market share [5][6] - Household penetration for RTD shakes is at 54%, indicating significant growth potential compared to mature CPG categories [5][6] - The competitive landscape includes insurgent brands and declining legacy brands, with the latter losing market share [6][9] Company Strategy and Development Direction - The company aims to maintain long-term revenue growth of 7-9%, adjusting from previous projections of low double digits due to increased competition [9][10] - Strategic priorities for 2026 include expanding distribution, increasing advertising investment, and launching innovative products [12][14] - The company plans to enhance its marketing efforts and strengthen retailer partnerships to capture market share [16][17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the category's momentum and Premier's leading position despite a more competitive environment [31][32] - The first quarter of 2026 is expected to be softer, but growth is anticipated to strengthen in subsequent quarters [10][11] - Management highlighted the importance of innovation and advertising in driving future growth [14][16] Other Important Information - The company is focusing on cost-saving initiatives to bolster margins, particularly in light of commodity inflation and tariffs [22][23] - The adjusted EBITDA margin is expected to be under pressure in the first half of 2026 due to significant input cost inflation and increased advertising [27][29] Q&A Session Summary Question: Changes in the competitive landscape and its influence on 2026 plans - Management noted that while competition has increased, the category's momentum remains strong, with Premier maintaining its leading position [31][32] Question: Insights on repeat rates for new entrants in the category - Management indicated that they are monitoring repeat rates and expect some insurgent brands to struggle, while Premier's repeat rates are strengthening [36][37] Question: Growth expectations in the club channel - Management expects growth to primarily come from outside the club channel, with improvements anticipated as comparisons ease [38][39] Question: Consumption trends and innovation contributions - Management expects consumption to accelerate in the latter half of December and into 2026, driven by advertising and innovation [40][41] Question: EBITDA margin pressures and cost savings - Management highlighted that the EBITDA margin is expected to decline due to tariffs and inflation, but cost-saving initiatives are anticipated to support margins in the second half of the year [48][49]

Core Insights - BellRing Brands reported quarterly earnings of $0.51 per share, missing the Zacks Consensus Estimate of $0.54 per share, representing an earnings surprise of -5.56% [1] - The company posted revenues of $648.2 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 2.61%, and showing a year-over-year increase from $555.8 million [2] - The stock has underperformed significantly, losing about 66% since the beginning of the year compared to the S&P 500's gain of 13.4% [3] Earnings Outlook - The current consensus EPS estimate for the coming quarter is $0.52 on revenues of $567.87 million, and for the current fiscal year, it is $2.24 on revenues of $2.48 billion [7] - The estimate revisions trend for BellRing Brands was unfavorable prior to the earnings release, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Food - Miscellaneous industry, to which BellRing Brands belongs, is currently in the bottom 23% of over 250 Zacks industries, suggesting a challenging environment for the stock [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact investor sentiment [5]

Investor Presentation November 2022 Fourth Quarter Fiscal Year 2025 Supplemental Presentation November 18, 2025 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 uncertaint ...

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Financial Performance - Fourth quarter net sales reached $648.2 million, an increase of 16.6% year-over-year, driven by a 19.2% increase in volume[7] - Fiscal year 2025 net sales totaled $2,316.6 million, up 16.1% year-over-year, with a 14.7% increase in volume[17] - The company expects fiscal year 2026 net sales to range between $2.41 billion and $2.49 billion, representing a growth of 4% to 8%[28] - BellRing's net sales for the three months ended September 30, 2025, were $648.2 million, a 16.6% increase from $555.8 million in the same period of 2024[40] - For the twelve months ended September 30, 2025, net sales reached $2,316.6 million, up 16.1% from $1,996.2 million in 2024[40] Adjusted EBITDA and Profitability - Adjusted EBITDA for the fourth quarter was $117.4 million, a slight increase of 0.8% compared to the prior year[16] - Fiscal year 2026 Adjusted EBITDA is projected to be between $425 million and $455 million, with an Adjusted EBITDA margin of approximately 18%[28] - Adjusted EBITDA as a percentage of net sales is projected to be between 18% to 20% for fiscal year 2026[34] - Adjusted EBITDA for the three months ended September 30, 2025, was $117.4 million, compared to $116.5 million for the same period in 2024, reflecting a slight increase[57] Earnings and Profit Margins - The company reported a net earnings of $59.6 million for the three months ended September 30, 2025, compared to $71.7 million in the same period of 2024, reflecting a decrease of 16.5%[40] - BellRing's gross profit for the three months ended September 30, 2025, was $187.4 million, down from $205.1 million in the same period of 2024[40] - Adjusted Gross Profit as a percentage of Net Sales for the three months ended September 30, 2025, was 29.7%, compared to 35.9% in 2024, showing a decline in profitability margin[51] - Net Earnings for the three months ended September 30, 2025, were $59.6 million, down from $71.7 million in 2024, representing a decrease of about 16.5%[53] - Adjusted Net Earnings for the twelve months ended September 30, 2025, were $279.1 million, compared to $255.5 million in 2024, reflecting an increase of approximately 9.2%[53] Expenses and Share Repurchase - SG&A expenses for fiscal year 2025 were $396.0 million, or 17.1% of net sales, reflecting an increase due to higher marketing and legal provisions[20] - The company repurchased 9.0 million shares for $472.5 million during fiscal year 2025, with an average price of $52.62 per share[26] - Interest expense, net for the three months ended September 30, 2025, was $19.1 million, compared to $14.5 million in 2024, reflecting an increase of approximately 31.7%[57] Assets and Debt - Total assets increased to $941.0 million as of September 30, 2025, compared to $837.0 million in 2024[42] - BellRing's long-term debt rose to $1,084.3 million as of September 30, 2025, compared to $833.1 million in 2024[42] Future Outlook - The long-term financial algorithm has been updated to reflect attractive revenue growth and increased brand investment for 2026[5] - The company aims for annual net sales growth of 7% to 9%[34] - The company has a strong reliance on sales from its ready-to-drink (RTD) protein shakes, which poses a risk to its market position[36]

ST. LOUIS, Nov. 18, 2025 (GLOBE NEWSWIRE) -- BellRing Brands, Inc. (NYSE:BRBR) (“BellRing”), a holding company operating in the global convenient nutrition category, today reported results for the fourth fiscal quarter and fiscal year ended September 30, 2025, provided its 2026 outlook and updated its long-term financial algorithm. Fourth Quarter and Fiscal Year 2025 Highlights: Fourth quarter net sales of $648.2 million, up 16.6% year-over-yearFourth quarter operating profit of $102.2 million, net earnings ...

Core Insights - BellRing Brands, Inc. is under investigation for potential violations of federal securities laws, as announced by Bleichmar Fonti & Auld LLP [1] - The company's primary brands, Premier Protein and Dymatize, have reported strong household penetration and demand, but this growth may be misleading due to temporary trade inventory loading rather than sustainable consumer demand [2] Company Performance - BellRing's stock experienced significant declines following revelations about inventory levels and consumption rates. On May 5, 2025, the stock fell by $13.96, or over 18%, after the company disclosed that key retailers had reduced their inventory levels, impacting future growth [3] - On August 4, 2025, the company announced disappointing quarterly consumption figures for Premier Protein RTD Shakes, leading to a further decline of $17.46, or nearly 33%, in stock price the following day [4] Legal and Financial Implications - Investors in BellRing may have legal options available and are encouraged to seek further information regarding potential class action lawsuits [5] - Bleichmar Fonti & Auld LLP has a strong track record in securities class actions, having recovered significant amounts for shareholders in previous cases [6]

Core Insights - BellRing Brands, Inc. has appointed David Finkelstein to its Board of Directors and Audit Committee, effective January 1, 2026, increasing the Board's membership to eight [1] Company Overview - BellRing Brands, Inc. operates in the global convenient nutrition category, focusing on brands like Premier Protein and Dymatize, which are leaders in ready-to-drink protein and hydrolyzed protein powder respectively [4] - The company emphasizes a culture-driven approach and aims to produce products with best-in-class nutritional profiles, distributed in over 90 countries across various retail channels [4] Leadership Experience - David Finkelstein brings over twenty years of experience in leadership roles within the financial industry, with a strong background in finance, financial reporting, mergers and acquisitions, and capital markets transactions [2] - His previous roles include heading Consumer and Retail M&A and Sports Advisory at Citigroup from 2018 to 2025, and various positions in the Mergers and Acquisitions Group at Bank of America from 2005 to 2018 [3]