BellRing Narrows FY2026 Guidance to $2.41–$2.46B After $537M Q1

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BellRing Brands reported Q1 FY2026 net sales of $537.3M and narrowed FY26 net sales outlook to $2.41–$2.46B with Adjusted EBITDA guidance of $425–$440M. CEO Darcy Davenport will retire upon successor appointment or by September 30, 2026, and serve in an advisory role while the Board conducts a search.

1. CEO Darcy Davenport to Retire Following Record Growth

BellRing Brands announced that President and Chief Executive Officer Darcy Davenport will retire upon the earlier of the appointment of her successor or September 30, 2026. Ms. Davenport, who joined Premier Nutrition as Vice President of Marketing in 2011 and led the business through Post Holdings’ acquisition in 2014, orchestrated sales growth from $140 million to over $2.3 billion. She managed the integration of Dymatize and PowerBar into the portfolio, expanded key customer relationships, and established a pure-play wellness platform. Ms. Davenport will remain CEO and board member through the transition and then serve as an advisor to ensure continuity of strategic initiatives, while the board conducts an external search for the next leader.

2. Q1 FY2026 Results Show Modest Growth, Outlook Narrowed

In the quarter ended December 31, 2025, net sales rose 1% year-over-year to $537.3 million, driven by a 0.7% volume gain and modest price/mix improvements. Operating profit declined to $78.5 million from $115.3 million a year earlier, reflecting input cost inflation and increased promotional spending. Adjusted EBITDA totaled $90.3 million. BellRing repurchased $96.9 million of common shares, or roughly 2.5% of shares outstanding. Management narrowed full-year 2026 guidance to $2.41–2.46 billion in net sales (up 4%–6%) and $425–440 million in Adjusted EBITDA, citing higher whey protein costs and elevated promotional frequency, while expecting acceleration in the second half as marketing and innovation investments ramp up.

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