BellRing Brands reported a 4% increase in net sales for its fiscal third quarter, driven by stronger-than-expected consumption for both Premier Protein and Dymatize, but lowered its full-year adjusted EBITDA guidance to a range of $275 million to $295 million with a margin of approximately 12%. The company cited inventory-related headwinds and sharply higher freight costs as the primary reasons for the reduced profit outlook, with freight rates expected to remain elevated and weigh on second-half margins by about 140 basis points. CEO Michael Axelrod, in his first earnings call since joining the company, acknowledged that current financial performance does not reflect the long-term potential of the business and emphasized a focus on improving execution and operational discipline. CFO Paul Rode detailed plans for a double-digit price increase on Premier shakes effective in the first quarter of fiscal 2027 to offset sustained input cost inflation, along with productivity initiatives and an organizational realignment expected to generate $10 million to $12 million in annualized savings. The company also announced the launch of two new products—Premier Protein 42-gram Ultimate Shake and Premier Protein Sparkling Soda—rolling out this quarter to expand into new consumption occasions and distribution channels.
Bellring Brands LLCLowered full-year adjusted EBITDA guidance due to inventory headwinds and higher freight costs.
