BellRing Lowers 2026 Outlook After Weak Q2 as Costs Bite

Overview

• BellRing reported second‑quarter results Tuesday that missed Wall Street estimates, posting $598.7 million in revenue and earnings of 29 cents per share.
• The company cut its full‑year targets to $2.325–$2.365 billion in sales and $315–$335 million in adjusted EBITDA.
• Management cited higher ingredient and freight costs, a weaker price mix, and an $11.3 million charge tied to a third‑party ingredient that failed quality standards, with no affected goods shipped.
• Unit demand stayed strong as Premier Protein volumes rose by double digits on heavier promotions and broader distribution, while price/mix fell about 9% as shoppers showed more price sensitivity.
• Shares plunged as much as roughly 47% after the release, and the board said its external search for a new chief executive is progressing.