BELLRING BRANDS, INC. reported second fiscal quarter ended March 31, 2026 results: revenue $598.7 million, net income $33.9 million.
“• Second quarter net sales of $598.7 million, up 2% year-over-year • Operating profit of $66.0 million, net earnings of $33.9 million and Adjusted EBITDA* of $53.8 million, each of which were impacted by a pre-tax $11 million inventory-related charge • Updated fiscal year 2026 net sales outlook of $2.325-$2.365 billion and Adjusted EBITDA* outlook of $315-$335 million”
Debt Financings
BELLRING BRANDS, INC. amended revolving credit of increase the amount of the revolving credit facility available under the Credit Agreement from $250.0 million to $500.0 with JPMorgan Chase Bank, N.A. at borrowings under the revolving credit facility will accrue interest at an annual maturing extend the scheduled maturity date for loans under the revolving credit facility to August 22, 2030, except that the maturity date will be December 14, 2029 if.
“On August 22, 2025, BellRing Brands, Inc. (the “Company”) entered into a First Amendment to Credit Agreement (the “Amendment”) with JPMorgan Chase Bank, N.A., as administrative agent, each lender (as defined in the Credit Agreement (as defined below)) party thereto and certain of the Company’s subsidiaries, as guarantors. The Amendment amends the Company’s Credit Agreement, dated as of March 10, 2022 (as amended by the Amendment, the “Credit Agreement”) to, among other matters, • increase the amount of the revolving credit facility available under the Credit Agreement from $250.0 million to $500.0 million; • extend the scheduled maturity date for loans under the revolving credit facility to August 22, 2030, except that the maturity date will be December 14, 2029 if on such date the Company’s 7.00% Senior Notes due 2030 have not been redeemed in full in cash or refinanced and replaced in full with notes and/or loans maturing at least 91 days after August 22, 2030; • as described in more”
Governance Changes
BELLRING BRANDS, INC.: Adopted Bylaw amendment declassifying the Board of Directors and restated Amended and Restated Bylaws, omitting lapsed notice provisions (effective 2025-01-28).
“Upon stockholder approval at the Annual Meeting of the Certificate of Amendment to the Company’s Certificate of Incorporation to declassify the Company’s Board of Directors as described in Proposal 1 under Item 5.07 below, the Certificate of Amendment and Amendment to the Company’s Bylaws included with the Company’s definitive proxy statement on Schedule 14A as filed with the Securities and Exchange Commission on December 17, 2024 and supplemented on January 3, 2025 became effective with the filing of that Certificate of Amendment with the Delaware Secretary of State on January 28, 2025.”
Governance Changes
BELLRING BRANDS, INC.: Amended Certificate of Incorporation to declassify the Board of Directors (effective 2025-01-28).
“Upon stockholder approval at the Annual Meeting of the Certificate of Amendment to the Company’s Certificate of Incorporation to declassify the Company’s Board of Directors as described in Proposal 1 under Item 5.07 below, the Certificate of Amendment and Amendment to the Company’s Bylaws included with the Company’s definitive proxy statement on Schedule 14A as filed with the Securities and Exchange Commission on December 17, 2024 and supplemented on January 3, 2025 became effective with the filing of that Certificate of Amendment with the Delaware Secretary of State on January 28, 2025.”
Earnings Releases
BELLRING BRANDS, INC. updated its the second fiscal quarter ended March 31, 2024 guidance (raised).
“On May 6, 2024, BellRing Brands, Inc. (the "Company") issued a press release announcing results for its second fiscal quarter ended March 31, 2024.”
Earnings Releases
BELLRING BRANDS, INC. reported first fiscal quarter ended December 31, 2023 results: revenue $430.4 million, net income $43.9 million. Guidance raised.
“operating in the global convenient nutrition category, today reported results for the first fiscal quarter ended December 31, 2023. Highlights: • First quarter net sales of $430.4 million • Operating profit of $73.0 million, net earnings of $43.9 million and Adjusted EBITDA* of $100.5 million • Generated $74.2 million in cash from operations • Raised fiscal year”
Shareholder Votes
BELLRING BRANDS, INC. shareholders approved The Company's executive compensation as described in the Company's Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on December 14, 2023, was approved by the non-binding advisory votes of the stockholders at the 2024-01-31 meeting.
“Proposal 3: The Company's executive compensation as described in the Company's Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on December 14, 2023, was approved by the non-binding advisory votes of the stockholders set forth in the table below: For Against Abstain Broker Non-Votes Percentage of Votes Cast For 116,481,876 2,296,970.00 158,850 3,010,597 97.94%”
Shareholder Votes
BELLRING BRANDS, INC. shareholders approved Each of the nominees for director were elected to serve until the Company’s annual meeting of stockholders to be held in 2027 or until their respective successors are elected and qualified at the 2024-01-31 meeting.
“Proposal 1: Each of the nominees for director were elected to serve until the Company’s annual meeting of stockholders to be held in 2027 or until their respective successors are elected and qualified, by the votes set forth in the table below: Nominee For Withhold Broker Non-Votes Percentage of Votes Cast For Shawn W. Conway 118,126,073 811,585 3,010,597 99.32% Thomas P. Erickson 82,592,518 36,345,140 3,010,597 69.44% Jennifer K. Johnson 87,001,178 31,936,480 3,010,597 73.15%”
Earnings Releases
BELLRING BRANDS, INC. updated its fourth fiscal quarter and fiscal year ended September 30, 2023 guidance (reaffirmed).
“On November 20, 2023, BellRing Brands, Inc. (the "Company") issued a press release announcing results for its fourth fiscal quarter and fiscal year ended September 30, 2023 and providing a financial outlook for fiscal year 2024.”
Darcy H. Davenport changed role as Sole Principal Executive Officer at BELLRING BRANDS, INC..
“Darcy H. Davenport, the President and Chief Executive Officer of BellRing, will become the sole principal executive officer of BellRing.”
Robert V. Vitale departed as Executive Chair at BELLRING BRANDS, INC..
“Robert V. Vitale, the Executive Chair of the Board of Directors of BellRing, is taking an unexpected medical leave of absence.”
Earnings Releases
BELLRING BRANDS, INC. updated its third fiscal quarter ended June 30, 2023 guidance (raised).
“On August 7, 2023, BellRing Brands, Inc. (the "Company") issued a press release announcing results for its third fiscal quarter ended June 30, 2023.”
Shawn W. Conway was appointed as Director at BELLRING BRANDS, INC..
“On August 2, 2023, the Board of Directors (the “Board”) of the Company appointed Shawn W. Conway to serve as a Class II director of the Board, effective October 1, 2023.”
Shareholder Votes
BELLRING BRANDS, INC. shareholders approved Advisory vote on executive compensation at the 2023-02-06 meeting.
“The Company's executive compensation as described in the Company's Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on December 21, 2022, was approved by the non-binding advisory votes of the stockholders set forth in the table below: For Against Abstain Broker Non-Votes Percentage of Votes Cast For 115,433,149 1,486,428.00 67,642 9,824,245 98.67%”
Shareholder Votes
BELLRING BRANDS, INC. shareholders approved Increase in authorized shares under the 2019 Long-Term Incentive Plan by 6,000,000 shares at the 2023-02-06 meeting.
“The increase in the number of authorized shares under the Company’s 2019 Long-Term Incentive Plan by 6,000,000 shares, from 2,000,000 shares to 8,000,000 shares, was approved by the stockholders by the votes set forth in the table below: For Against Abstain Broker Non-Votes Percentage of Votes Cast For 115,604,981 1,327,149 55,089 9,824,245 98.82%”
Shareholder Votes
BELLRING BRANDS, INC. shareholders approved Ratification of appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for fiscal year 2023 at the 2023-02-06 meeting.
“The appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for fiscal year 2023 was ratified by the stockholders, by the votes set forth in the table below: For Against Abstain Percentage of Votes Cast For 126,486,595 237,141 87,728 99.74%”
Shareholder Votes
BELLRING BRANDS, INC. shareholders approved Election of Directors at the 2023-02-06 meeting.
“Both of the nominees for director were elected to serve until the Company’s annual meeting of stockholders to be held in 2026 or until their respective successors are elected and qualified, by the votes set forth in the table below: Nominee For Withhold Broker Non-Votes Percentage of Votes Cast For Darcy H. Davenport 113,839,468 3,147,751 9,824,245 97.31% Elliot H. Stein, Jr. 84,883,728 32,103,491 9,824,245 72.56%”
Earnings Releases
BELLRING BRANDS, INC. reported first fiscal quarter ended December 31, 2022 results: revenue $362.7 million, net income $44.2 million, EPS $0.33. Guidance raised.
“BellRing Brands, Inc. (NYSE:BRBR) (“BellRing”), a holding company operating in the global convenient nutrition category, today reported results for the first fiscal quarter ended December 31, 2022. Highlights: • First quarter net sales of $362.7 million • Operating profit of $75.2 million; net earnings available to common stockholders of $44.2 million and Adjusted EBITDA of $84.9 million”
Material Agreements
BELLRING BRANDS, INC. entered into Manufacturing Agreement with Stremicks Heritage Foods, LLC and Jasper Products, L.L.C. (effective 2022-12-20).
“On December 20, 2022, Premier Nutrition Company, LLC (“Premier Nutrition”), a subsidiary of BellRing Brands, Inc. (the “Company”), entered into a Manufacturing Agreement (the “Agreement”) with Stremicks Heritage Foods, LLC and Jasper Products, L.L.C. (collectively, “Stremicks”) for the manufacture and packaging of Premier Nutrition’s Premier Protein ready-to-drink (“RTD”) shakes.”
Earnings Releases
BELLRING BRANDS, INC. reported fiscal year ended September 30, 2022 results: revenue $1,371.5 million, net income $82.3 million. Guidance initiated.
“Fiscal year net sales of $1,371.5 million, operating profit of $212.4 million; net earnings available to common stockholders of $82.3 million and Adjusted EBITDA of $271.4 million”
Earnings Releases
BELLRING BRANDS, INC. reported fourth fiscal quarter ended September 30, 2022 results: revenue $379.2 million, net income $33.7 million. Guidance initiated.
“Fourth quarter net sales of $379.2 million, operating profit of $61.1 million; net earnings available to common stockholders of $33.7 million and Adjusted EBITDA of $79.9 million”
Paul A. Rode was appointed as Director at BELLRING BRANDS, INC..
“the election and appointment of Darcy Horn Davenport and Paul A. Rode as directors of Old BellRing.”
Darcy Horn Davenport was appointed as Director at BELLRING BRANDS, INC..
“the election and appointment of Darcy Horn Davenport and Paul A. Rode as directors of Old BellRing.”
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