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BellRing Brands (BRBR) Shares Declined 19% Amid Upcoming Retailer Destocking – Hagens Berman
GlobeNewswire News Room· 2025-07-01 20:08
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].
Grupo Aeroportuario Del Pacifico Announces Debt Securities “GAP 21” Payment
Globenewswire· 2025-05-06 01:20
Group 1 - The company Grupo Aeroportuario del Pacífico (GAP) made a payment of Ps. 2,500.0 million for the maturity of the debt securities "GAP 21" on May 2, 2025, which corresponds to 25 million long-term debt securities with a face value of Ps. 100.0 each [1] - GAP operates 12 airports in Mexico's Pacific region, including major cities like Guadalajara and Tijuana, and tourist destinations such as Puerto Vallarta and Los Cabos [2] - The company was listed on the New York Stock Exchange in February 2006 and acquired a majority stake in MBJ Airports Limited in April 2015, which operates Sangster International Airport in Jamaica [2] Group 2 - GAP entered into a concession agreement for the operation of Norman Manley International Airport in Kingston, Jamaica, in October 2018 and took control of the operation in October 2019 [2] - The company has implemented a whistleblower program in accordance with the Sarbanes-Oxley Act, allowing anonymous reporting of suspected criminal conduct or violations [4]