Core Viewpoint - BellRing Brands, Inc. experienced a significant decline in share price following the announcement of anticipated reductions in retailer inventory levels, raising concerns about the company's sales practices and consumer demand for its products [1][4]. Company Overview - BellRing Brands, Inc. is a consumer products holding company that specializes in ready-to-drink (RTD) protein shakes and powders, with its primary brands being Premier Protein and Dymatize [3]. Recent Developments - On May 6, 2025, during its Q2 2025 earnings call, BellRing announced expectations of "third quarter reductions in retailer trade inventory levels," which is projected to create a mid-single-digit headwind to growth [4]. - The company revised its Q3 net sales growth expectations to low-single-digits, attributing Premier Protein as the main driver while other products are expected to remain flat or decline [4]. Market Reaction - Following the announcement, BellRing's share price fell by approximately 19%, translating to a decrease of $14.88 per share [1][4]. Legal Investigation - Hagens Berman, a national shareholders rights firm, has initiated an investigation into whether BellRing may have violated securities laws related to its sales practices, particularly concerning misleading statements about consumer demand and inventory levels [2][5].