BellRing Brands Cuts Fiscal 2026 Sales to $2.32–2.36B and EBITDA to $315–335M
BRBR•BellRing Brands’ Q2 net sales rose 1.8% to $598.7m while operating profit plunged 30.6% to $66m and net earnings fell 42.2% to $33.9m after an $11.3m inventory charge. The company cut fiscal 2026 net sales forecast to $2.32–2.36bn and trimmed adjusted EBITDA guidance to $315–335m.
1. Second-Quarter Financial Results
BellRing Brands reported Q2 net sales of $598.7 million, up 1.8% year-on-year, driven by a 10.8% volume increase offset by a 9% price/mix decline. Operating profit dropped 30.6% to $66 million and net earnings fell 42.2% to $33.9 million, including an $11.3 million pre-tax inventory-quality charge.
2. Fiscal 2026 Guidance Revision
The company reduced its full-year net sales target to $2.32 billion–$2.36 billion, implying flat to 2% growth versus prior guidance of $2.41 billion–$2.46 billion. Adjusted EBITDA guidance was cut to $315 million–$335 million from $425 million–$440 million, reflecting promotional and inflationary pressures.
3. Management Commentary and Leadership Transition
CEO Darcy Davenport cited heightened consumer price sensitivity, sustained promotions and increased freight and protein costs for margin pressures, and reiterated investments in advertising to support category health. Davenport is set to depart the company, and the search for her successor is progressing well.
