BellRing (BRBR) reported fiscal Q1 adjusted earnings Tuesday of $0.37 per diluted share, down from $0.58 a year earlier.

Analysts polled by FactSet expected $0.32.

Net sales for the quarter ended Dec. 31 were $537.3 million, up from $532.9 million a year earlier.

Analysts surveyed by FactSet expected $504.4 million.

For fiscal 2026, the company now expects net sales of $2.41 billion to $2.46 billion, narrowed from its previous range of $2.41 billion to $2.49 billion.

Analysts polled by FactSet expect $2.41 billion.

Shares of the company were down 5.6% in recent premarket activity.

The company also said that President and Chief Executive Officer Darcy Davenport will retire, effective Sept. 30.

The board said it has commenced an external search for the company's next CEO.

Davenport will remain at the company as an advisor during a transition, the company said.