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BellRing Brands, Inc. (NYSE: BRBR) is a consumer products holding company specializing in the global convenient nutrition category. The company focuses on protein-based consumer goods, offering ready-to-drink (RTD) protein shakes, other RTD beverages, and powders. BellRing Brands operates under its primary brands, Premier Protein and Dymatize, distributing products across over 90 countries through various retail and eCommerce channels.
- Shakes and Other Beverages - Produces ready-to-drink protein shakes and other convenient RTD beverages under the Premier Protein brand, catering to consumers seeking high-quality nutrition.
- Powders - Offers protein powders, including hydrolyzed protein powders under the Dymatize brand, designed for fitness enthusiasts and athletes.
- Other - Provides additional nutrition products that complement its core offerings, targeting niche consumer needs.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Darcy H. Davenport ExecutiveBoard | President and Chief Executive Officer | Member of the Board of Directors of Blentech Corporation since January 2010 | Darcy H. Davenport has served as the President and Chief Executive Officer of BellRing Brands, Inc. since September 2019. Additionally, she has been a board member at BRBR since October 2019 and held several key leadership roles, including President of Premier Nutrition and Post’s Active Nutrition Business. | View Report → |
Paul A. Rode ExecutiveBoard | Chief Financial Officer | Paul A. Rode has been serving as the Chief Financial Officer at BRBR since September 2019. He also chairs the BellRing Brands, Inc. Employee Benefit Trustees Committee, with chairman dates including June 26, 2024 and June 23, 2023. | ||
Craig L. Rosenthal Executive | Chief Legal Officer, Chief Compliance Officer, and Secretary | Craig L. Rosenthal has served as Chief Legal Officer, Chief Compliance Officer, and Secretary at BRBR since September 2023, after serving as Senior Vice President, General Counsel, and Secretary from August 2019 to September 2023. | ||
Douglas J. Cornille Executive | Chief Growth Officer of Premier Nutrition | Douglas J. Cornille has been serving as the Chief Growth Officer of Premier Nutrition since November 2021. He previously served as Senior Vice President of Marketing from July 2015. | ||
Marc S. Mollere Executive | Senior Vice President and General Manager of International | Marc S. Mollere has been the Senior Vice President and General Manager of International at Premier Nutrition since 2020. He previously served as General Manager and Vice President of Sales and Marketing at Dymatize Enterprises from 2011 to 2020 and held a role at Henkel North America from 2006 to 2011. | ||
Robin Singh Executive | Senior Vice President, Operations | Robin Singh is the Senior Vice President, Operations at Premier Nutrition, part of BRBR since March 2019. He previously held multiple senior leadership roles at Mondelez International from 1996 until March 2019, including serving as Vice President of Operations. | ||
Robert V. Vitale Board | Chairman | President and Chief Executive Officer of Post Holdings, Inc.; Member of the Board of Directors of Energizer Holdings, Inc.; Member of the Board of Directors of 8th Avenue Food & Provisions, Inc. | Robert V. Vitale has held key leadership positions at BRBR, serving as Executive Chairman since September 2019 and transitioning to Chairman in November 2024. He also leads as the President and Chief Executive Officer of Post Holdings, Inc. since November 2014, and holds board roles at Energizer Holdings, Inc. and 8th Avenue Food & Provisions, Inc.. |
- With rising input costs—especially in whey protein—how does management plan to adjust pricing in both the ready-to-mix and ready-to-drink segments without significantly affecting consumer demand or margins?
- Given the shift of marketing spend from Q1 to Q2 and the challenges in matching consumer demand to promotional activities, how will you balance short-term cost pressures with the need to sustain long-term brand growth and shelf visibility?
- Following the launch of your new indulgent product line and updated packaging, what specific performance metrics will you focus on to ensure these innovations result in increased household penetration and repeat purchase rates?
- As you pursue distribution expansion and aim to secure your fair share of shelf space, how do you plan to address the operational and retailer negotiation challenges inherent in channels like convenience stores and DSD strategies?
- With GLP-1 penetration stabilizing amid cyclic consumer behavior, what measures are in place to maintain growth momentum in this segment and avoid margin compression despite rising input costs?
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Walmart (including Sam's Club) | Major retail partner; no material long-term supply agreements | All | Accounted for 35.8% of total net sales in FY2024 (~$715.4 million) |
Costco | Major retail partner; no material long-term supply agreements | All | Accounted for 27.3% of total net sales in FY2024 (~$545.0 million) |
Amazon | Major retail partner; no material long-term supply agreements | All | Accounted for 11.7% of total net sales in FY2024 (~$233.0 million) |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
BellRing Merger Sub Corporation | 2022 | The acquisition involved a structured merger where BellRing Merger Sub Corporation (New BellRing) merged with Old BellRing with a subsequent conversion into a new public holding company, including cash, stock, and debt components (e.g., $550.4M cash and a 7.00% senior notes issuance) resulting in public trading under “BRBR”; key terms included a conversion ratio of one share plus $2.97 per share and a completed timeline on March 10, 2022. |
Recent press releases and 8-K filings for BRBR.
- BellRing Brands, Inc. approved a new $300 million share repurchase authorization effective March 6, 2025, extending over a two-year period, with repurchases beginning on March 7, 2025.
- The company had already repurchased approximately 2.1 million shares for $151.7 million at an average price of $72.14 per share as of March 6, 2025, and cancelled its previous $300 million program.
- Reported Q1 performance with net sales of $533M and adjusted EBITDA of $125M, with net sales up 24% and EBITDA up 25%, and margins at 23.5% .
- Premier Protein drove growth with net sales up 26%, consumption growth at 23%, 20% household penetration, and a 26% RTD market share .
- Robust growth in the convenient nutrition category was powered by Premier Protein RTD shakes showing +23% dollar growth and record-high total distribution points of +31% .
- Raised FY25 guidance to net sales between $2.26B–$2.34B and adjusted EBITDA between $470M–$500M, indicating top-line growth of 13%–17% and EBITDA growth of 7%–14% .
- Forward-looking projections for net sales, Adjusted EBITDA, and capital expenditures were noted amid risks from supply chain disruptions and reliance on third-party manufacturers .
- BellRing Brands reported net sales of $532.9 million and an operating profit of $115.3 million for Q1 2025, reflecting a 23.8% increase compared to the prior year.
- The company achieved net earnings of $76.9 million and Adjusted EBITDA of $125.3 million, highlighting strong margin performance and improved profitability.
- BellRing raised its full-year outlook to $2.26-$2.34 billion in net sales and $470-$500 million in Adjusted EBITDA, underscoring a positive growth trajectory.