BellRing Brands CEO to step down

Core Viewpoint - Darcy Davenport, the president and CEO of BellRing Brands, is set to leave the company by the end of September or upon the appointment of a new CEO, as announced alongside the first-quarter results for the 2026 financial year [1][2]. Group 1: Leadership Transition - Davenport will remain in her position and on the board until the transition is complete and will continue in an advisory role [2]. - The company has initiated a search for a new CEO [2]. - Chairman Rob Vitale praised Davenport's leadership, highlighting the development of a strong product portfolio and customer relationships under her tenure [3]. Group 2: Financial Performance - For the three months ending December 31, BellRing Brands reported a 1% increase in net sales, reaching $537.3 million [4]. - Operating profit fell nearly 32% to $78.5 million, attributed to lower gross margins, while adjusted EBITDA decreased almost 30% to $90.3 million [5]. - The company has slightly narrowed its guidance for 2026 net sales to a range of $2.41-$2.46 billion, with expected growth of 4-6%, down from a previous forecast of $2.41-$2.49 billion and 4-8% growth [5]. - Adjusted EBITDA guidance has been revised, with the upper end now expected to be $440 million [6].