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.
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| 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?
Research analysts who have asked questions during BELLRING BRANDS earnings calls.
Andrew Lazar
Barclays PLC
4 questions for BRBR
John Baumgartner
Mizuho Securities
4 questions for BRBR
Matthew Smith
Analyst
4 questions for BRBR
David Palmer
Evercore ISI
3 questions for BRBR
James Salera
Stephens Inc.
3 questions for BRBR
Kaumil Gajrawala
Jefferies
3 questions for BRBR
Kenneth Goldman
JPMorgan Chase & Co.
3 questions for BRBR
Robert Moskow
TD Cowen
3 questions for BRBR
Thomas Palmer
Citigroup Inc.
3 questions for BRBR
Brian Holland
D.A. Davidson
2 questions for BRBR
Jon Andersen
William Blair & Company
2 questions for BRBR
Megan Clapp
Morgan Stanley
2 questions for BRBR
Peter Grom
UBS Group
2 questions for BRBR
William Chappell
Truist Securities
2 questions for BRBR
Bryan Spillane
Bank of America
1 question for BRBR
Jim Salera
Stephens Inc.
1 question for BRBR
Stephen Powers
Deutsche Bank
1 question for BRBR
Stephen Robert Powers
Deutsche Bank
1 question for BRBR
Steve Powers
Deutsche Bank
1 question for BRBR
Yasmine Deswandhy
Bank of America Corporation
1 question for BRBR
| 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.
- 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.
- 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.
- On May 6, 2025, BellRing Brands' shares declined approximately 19% after the company announced an anticipated Q3 2025 reduction in retailer inventory levels.
- This inventory adjustment is expected to provide a "mid-single-digit headwind" to third-quarter growth estimates, leading to a revised outlook of low-single-digit net sales growth for Q3 2025.
- Shareholders rights firm Hagens Berman has opened an investigation into whether BellRing Brands may have violated securities laws concerning its sales practices and encourages investors with substantial losses to contact them.
- On May 6, 2025, BellRing Brands' (BRBR) share price declined by approximately 19% after the company announced anticipated Q3 2025 reductions in retailer inventory levels during its Q2 2025 earnings call.
- This inventory adjustment is expected to create a "mid-single-digit headwind" to third-quarter growth estimates, resulting in a revised outlook for net sales growth of only low-single-digits for the upcoming quarter.
- Shareholders rights firm Hagens Berman has initiated an investigation into whether BellRing Brands may have violated securities laws regarding its sales practices.
- Robbins Geller Rudman & Dowd LLP has launched an investigation into BellRing Brands, Inc. for potential violations of U.S. federal securities laws, focusing on whether the company and its executives made false and/or misleading statements or failed to disclose material information to investors.
- The investigation follows two key disclosures:
- On May 6, 2025, BellRing Brands revealed that certain customers were lowering their inventory, which was expected to slow sales growth in the third quarter of 2025 to low-single-digits, causing the stock price to fall by nearly 19%.
- On August 4, 2025, the company further disclosed that its net earnings for the third quarter of 2025 had fallen more than 71% compared to the prior year period, with gross profit and adjusted gross profit impacted by net input cost inflation and increased promotional activity, leading to a stock price drop of more than 32%.
- Investors who suffered losses are encouraged to contact the law firm.
- On May 6, 2025, BellRing Brands' (BRBR) share price declined approximately 19% after the company announced during its Q2 2025 earnings call an anticipated Q3 2025 reduction in retailer inventory levels.
- This inventory adjustment is expected to provide a "mid-single-digit headwind" to third-quarter growth estimates, with net sales growth for the upcoming quarter likely reaching only the low-single-digits.
- National shareholders rights firm Hagens Berman has opened an investigation into whether BellRing Brands may have violated securities laws concerning the company’s sales practices, specifically regarding potential misleading information about consumer demand and retail inventory levels.
- BellRing Brands reported strong Q2 2025 results with net sales of $588 million, adjusted EBITDA of $119 million (), along with an operating profit of $95.1 million and net earnings of $58.7 million ().
- Management reaffirmed its fiscal 2025 outlook, expecting net sales growth of 13%-17% and EBITDA growth of 7%-14%, set against robust margins amid economic uncertainty (,).
- Premier Protein drove category momentum with a +25% increase in consumption and RTD shakes achieving +19% growth alongside a new market share high of 30% (,).
- Additional brand strength was noted with Premier Protein powders posting +22% consumption growth, while Dymatize delivered modest gains supported by record-high distribution and a 20.9% household penetration rate (,).
- Enhanced marketing efforts included a share repurchase of 2.4 million shares at an average price of $71.68, reinforcing improved brand metrics in a climate of consumer uncertainty ().
- 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.