BELLRING BRANDS (BRBR) Company Report

BellRing Brands reported $2.3 billion in revenue for fiscal year 2025, having achieved a top-line growth of 18% and bottom-line growth of 16% since its 2019 IPO.
The company has revised its long-term revenue growth algorithm to 7%-9% (down from 10%-12%) due to its larger base, with its Premier Protein brand expected to grow above this rate.
BellRing Brands anticipates a 5% decline in revenue for Q1 2026 but expects acceleration from Q2 onwards, driven by a major mass retailer partnership, increased advertising, expanded distribution, and innovation.
EBITDA margins are projected to decrease by 280 basis points in 2026, primarily due to gross margin pressures from inflation, tariffs, and promotional investments, with improvements expected in the second half from moderating inflation, cost savings, and pricing actions.
The company maintains its long-term EBITDA margin target of 18%-20%, supported by anticipated normalization of whey protein costs, ongoing supply chain cost savings initiatives, and G&A leverage, while prioritizing share buybacks in its capital allocation strategy.

5 days ago

Transcript

BellRing Brands Discusses FY2025 Performance, 2026 Outlook, and Long-Term Strategy

BRBR

Guidance Update

Revenue Acceleration/Inflection

New Projects/Investments

BellRing Brands reported $2.3 billion in revenues for fiscal year 2025, with its Premier Protein brand representing approximately 85% of total sales.
The company expects a near-term deceleration in the ready-to-drink (RTD) shake category growth to high single-digits in 2026, down from mid-teens in 2025, but anticipates a return to low double-digit growth over time.
For fiscal year 2026, BellRing Brands projects 280 basis points of EBITDA margin compression at the midpoint, primarily due to gross margin impacts from inflation, tariffs, and increased promotional investments concentrated in the first half.
Growth is expected to accelerate from Q2 2026, driven by a major partnership with a mass retailer, increased advertising, expanded grocery distribution, and new product innovation.
Despite near-term margin pressures, the long-term EBITDA margin target of 18%-20% is maintained, supported by expected normalization of whey protein costs, ongoing cost savings initiatives, and G&A leverage.

5 days ago

Transcript

BellRing Brands Discusses FY2025 Performance, 2026 Outlook, and Long-Term Strategy at Morgan Stanley Conference

BRBR

Guidance Update

Revenue Acceleration/Inflection

New Projects/Investments

BellRing Brands, a pure-play convenient nutrition company, reported $2.3 billion in revenue for fiscal year 2025, with its Premier Protein brand representing approximately 85% of sales.
Since its 2019 IPO, the company has achieved a 18% top-line growth and 16% bottom-line growth, generating significant cash flow due to its asset-light model.
The company anticipates a 5% decline in Q1 2026 revenue due to specific lapping effects, but expects acceleration from Q2 onwards driven by a major mass retailer partnership, increased advertising, distribution expansion, and innovation.
BellRing Brands projects an EBITDA margin compression of 280 basis points for fiscal year 2026, primarily due to inflation in whey protein, tariffs, and increased promotional investments, with improvements expected in the second half from moderating inflation and cost savings initiatives.
The long-term EBITDA margin target remains 18%-20%, supported by ongoing cost savings efforts, G&A leverage, and an anticipated normalization of whey protein costs.

5 days ago

Transcript

BellRing Brands Reports Strong FY 2025 Results, Updates Long-Term Growth Targets, and Provides FY 2026 Guidance

BRBR

Earnings

Guidance Update

Share Buyback

BellRing Brands achieved strong fiscal year 2025 performance with net sales growth of 16% and an adjusted EBITDA margin of 20.8%, while also repurchasing approximately 7% of shares outstanding for $473 million.
For fiscal year 2026, the company projects net sales between $2.41 billion and $2.49 billion (4%-8% growth) and adjusted EBITDA between $425 million and $455 million (18% margin), with Q1 2026 net sales expected to decrease by approximately 5%.
The long-term annual net sales growth algorithm has been updated from low double digits to high single digits (7-9%), while the adjusted EBITDA margin algorithm is maintained at 18%-20%.
Adjusted EBITDA margins in fiscal 2026 are expected to decline by 280 basis points at the midpoint, primarily due to significant input cost inflation, tariffs (approximately 120 basis points impact), and increased promotional activity.
The company plans increased advertising investment, targeting 4%-5% of net sales, and will launch new products like the Coffee House shake line in mid-December to drive growth.

Nov 18, 2025, 1:30 PM

Transcript

BellRing Brands Reports Strong FY2025 Results, Updates Long-Term Revenue Growth, and Provides FY2026 Guidance

BRBR

Earnings

Guidance Update

Share Buyback

BellRing Brands reported strong fiscal year 2025 results, with net sales growing 16% and adjusted EBITDA margin reaching 20.8%, and meaningfully stepped up share repurchases, buying approximately 7% of shares outstanding.
The company updated its long-term revenue growth algorithm from low double digits to high single digits (7-9%), while maintaining its adjusted EBITDA margin algorithm of 18%-20%.
For fiscal year 2026, BellRing Brands expects net sales of $2.41-$2.49 billion (representing 4%-8% growth) and adjusted EBITDA of $425 million-$455 million with a margin of 18%.
Q1 2026 is expected to be softer, with total net sales down approximately 5% and Premier RTD shakes consumption flat, due to tough comparisons and non-recurring promotions.
Adjusted EBITDA margins in fiscal year 2026 are expected to decline by approximately 280 basis points year-over-year, primarily due to 80 basis points from tariffs, 80 basis points from increased advertising, and significant input cost inflation, particularly for whey protein.

Nov 18, 2025, 1:30 PM

Transcript

BellRing Brands Reports Strong Q4 2025 Performance

BRBR

Earnings

Revenue Acceleration/Inflection

Premier Protein RTD shakes demonstrated strong performance in Q4 FY2025, achieving +22% dollar growth versus FY2024 and +20% consumption growth in Q4 FY2025, while maintaining a leading market share of 26.4% in the RTD category.
The overall convenient nutrition category experienced continued momentum with +11% growth, primarily driven by the ready-to-drink (RTD) segment's outsized growth of +15%.
Premier Protein powders also saw significant consumption growth of +17% in Q4 FY2025, supported by expanded distribution, whereas Dymatize consumption was relatively flat at -1.5% for the 13 weeks ending September 28, 2025.
Key risks for BellRing include its dependence on sales from RTD protein shakes and reliance on third-party manufacturers for a substantial portion of its products, which could lead to supply chain disruptions.

Nov 18, 2025, 1:30 PM

Presentation

BellRing Brands Reports Strong FY2025 Results, Updates Long-Term Growth Outlook, and Provides FY2026 Guidance

BRBR

Earnings

Guidance Update

Product Launch

BellRing Brands achieved strong fiscal year 2025 results, with net sales growth of 16% and an adjusted EBITDA margin of 20.8%. For the fourth quarter of 2025, net sales were $648 million, an increase of 17% over the prior year, with an adjusted EBITDA of $117 million and a margin of 18.1%. The company also repurchased 9 million shares for $473 million in FY 2025, representing approximately 7% of shares outstanding.
For fiscal year 2026, the company expects net sales between $2.41 billion and $2.49 billion, reflecting 4%-8% growth, and adjusted EBITDA between $425 million and $455 million, with an 18% margin. Q1 2026 net sales are projected to decrease by approximately 5% due to specific dynamics, with performance anticipated to improve in the latter part of the year.
BellRing Brands has updated its long-term annual net sales growth algorithm from low double digits to 7%-9%, while maintaining its adjusted EBITDA margin algorithm at 18%-20%. Fiscal year 2026 adjusted EBITDA margins are expected to decline 280 basis points at the midpoint, primarily due to significant input cost inflation, the introduction of tariffs (estimated 120 basis points impact), and increased promotional investments.
The company is focusing on innovation, having launched almond milk shakes in June 2025 and planning to introduce a new Coffee House shake line in mid-December 2025. They are also increasing advertising investment to 4%-5% of net sales and expanding distribution. The ready-to-drink (RTD) shake category grew 15% in Q4 2025, with Premier shake consumption up 20%, and is expected to see high single-digit growth in 2026.

Nov 18, 2025, 1:30 PM

Transcript

BellRing Brands Reports Q4 and FY 2025 Results, Provides FY 2026 Outlook, and Updates Long-Term Financial Algorithm

BRBR

Earnings

Guidance Update

Share Buyback

BellRing Brands reported Q4 2025 net sales of $648.2 million, a 16.6% increase year-over-year, and fiscal year 2025 net sales of $2,316.6 million, up 16.1% year-over-year.
For fiscal year 2025, Adjusted EBITDA was $481.6 million, an increase of 9.4% compared to the prior year, and the company generated $260.6 million in cash from operations.
The company repurchased 9.0 million shares for $472.5 million in fiscal year 2025, representing 7% of common shares outstanding.
BellRing Brands provided a fiscal year 2026 outlook with net sales expected to range between $2.41 billion and $2.49 billion and Adjusted EBITDA between $425 million and $455 million.
The long-term financial algorithm was updated, targeting annual net sales growth of 7% to 9% and Adjusted EBITDA as a percentage of Net Sales of 18% to 20%.

Nov 18, 2025, 12:04 PM

8-K

BellRing Brands Reports Significantly Lower Q3 2025 Net Earnings and Gross Margins

BRBR

Earnings

Profit Warning

Legal Proceedings

On August 5, 2025, BellRing Brands' shares dropped 32% after reporting Q3 2025 unadjusted net earnings of $21.1 million, which represents a 71.5% decrease from Q3 2024 and 64% below Q2 2025.
The company also warned of significantly lower gross margins and confirmed that key retailer partners lowered their weeks of supply.
This follows a previous 19% share price decline on May 6, 2025, when Q2 2025 earnings first revealed retail inventory reductions.
A national shareholders rights firm, Hagens Berman, has initiated an investigation into whether BellRing Brands may have violated securities laws concerning its sales practices.

Sep 19, 2025, 12:33 PM

Press Release

BellRing Brands Faces Investor Scrutiny Amid Sales Outlook Revision

BRBR

Demand Weakening

Legal Proceedings

Guidance Update

On May 6, 2025, BellRing Brands' share price declined approximately 19% after the company announced an anticipated Q3 2025 reduction in retailer inventory levels.
This inventory adjustment is expected to result in a "mid-single-digit headwind" to third-quarter growth estimates, leading to an outlook of low-single-digit net sales growth for Q3 2025.
National shareholders rights firm Hagens Berman has opened an investigation into whether BellRing Brands may have violated securities laws concerning its sales practices, specifically regarding consumer demand for ready-to-drink products and retail inventory levels.

Aug 25, 2025, 7:22 PM

Press Release

Earnings Transcripts

Quarterly earnings call transcripts for BELLRING BRANDS.

Q4 2025

Nov 18, 2025

→

Q3 2025

Aug 5, 2025

→

Q2 2025

May 6, 2025

→

View All Transcripts

Ask Fintool AI Agent

Get instant answers from SEC filings, earnings calls & more

What are BELLRING BRANDS's strategic priorities?How is BELLRING BRANDS positioned vs competitors?How did BELLRING BRANDS do last quarter?

BELLRING BRANDS (BRBR)

Analyst Earnings Quarterly Reports

Q4 2025

Q3 2025

Q2 2025

Q1 2025

Analyst Coverage

Andrew Lazar

John Baumgartner

David Palmer

Thomas Palmer

Brian Holland

Jon Andersen

Matthew Smith

Peter Grom

James Salera

Kaumil Gajrawala

Kenneth Goldman

Robert Moskow

Steve Powers

Yasmine Deswandhy

Jacob Henry

Matt Smith

Megan Clapp

Megan Klatt

William Chappell

Alexia Burland Howard

Alexia Howard

Bryan Spillane

Jim Salera

Stephen Powers

Stephen Robert Powers

Latest news

Earnings Transcripts

Q4 2025

Q3 2025

Q2 2025

Ask Fintool AI Agent