BellRing Brands 2025 Q4 Earnings Revenue Surges 16.6% Amid EPS Decline

BellRing Brands (BRBR) reported fiscal 2025 Q4 results on November 18, 2025, with revenue exceeding expectations but EPS falling short. The company guided FY26 net sales to grow 4%-8% ($2.41B–$2.49B), below the $2.5B consensus, citing near-term challenges.

Revenue

BellRing Brands’ total revenue surged 16.6% year-over-year to $648.20 million, driven by strong performance across segments. The Premier Protein segment contributed $535.4 million in net sales, reflecting a 14.9% increase, fueled by 18.4% volume growth and a 3.5% decrease in price/mix. Dymatize, meanwhile, saw a 32.9% sales increase, bolstered by robust volume gains. The company also benefited from $8 million in international sales timing shifts ahead of fiscal FY26 pricing actions.

Earnings/Net Income

The company’s non-GAAP EPS declined 11.4% to $0.51, missing the $0.55 consensus estimate. Net income fell to $59.60 million, a 16.9% drop from $71.70 million in the prior year. Despite the earnings contraction, BellRing Brands has maintained profitability for six consecutive years, underscoring its resilient business model.

Post-Earnings Price Action Review

The strategy of buying BellRing Brands shares following a quarterly revenue drop and holding for 30 days showed mixed performance over the past three years. While the approach occasionally captured short-term rebounds, broader market volatility and the stock’s post-revenue drop behavior limited long-term gains. The strategy outperformed the market in quarters with strong investor reactions but lagged when revenue declines were perceived as long-term risks. Success hinges on market sentiment around revenue announcements, with temporary setbacks favoring the strategy over signs of structural weakness.

CEO Commentary

Darcy Davenport, CEO, emphasized BellRing’s FY25 achievements, including 16% net sales growth and a 20.8% adjusted EBITDA margin. She acknowledged Q1 FY26 headwinds from lapping tough comparisons and non-recurring promotions but expressed confidence in accelerating growth later in 2026. Strategic priorities include expanding distribution, launching new products like almond milkshakes, and enhancing advertising.

Guidance

BellRing Brands expects FY26 net sales to grow 4%-8% ($2.41B–$2.49B), with adjusted EBITDA of $425M–$455M (18% margin). Q1 sales are projected to decline ~5%, driven by flat Premier consumption and prior-year promotions.

Additional News

1. Share Repurchase Program: BellRing announced a new $400 million share repurchase program, leveraging FY25 cash flow of $261 million.

2. Long-Term Growth Targets: The company revised its long-term revenue growth target to 7%-9%, down from low double digits, citing competitive pressures in the RTD shake category.

3. International Timing Shift: $8 million in international sales were advanced to fiscal FY25 due to pricing actions in FY26, temporarily boosting Q4 results.