BellRing Brands (NYSE:BRBR) on Tuesday reported worse-than-expected second-quarter financial results and cut its FY26 sales guidance below estimates.

BellRing Brands posted adjusted EPS of 14 cents, missing market estimates or 32 cents per share. The company's sales came in at $598.700 million, missing expectations of $608.899 million.

“We are disappointed in our second quarter results. Heightened consumer price sensitivity together with a sustained promotional environment adversely impacted our sales mix. This unfavorable mix, along with higher freight costs and an inventory-related charge significantly pressured our margins. Even in this backdrop, Premier Protein brand metrics remain strong, evidenced by volume growth, strong brand equity scores and increases in household penetration,” said Darcy Davenport, President and Chief Executive Officer of BellRing Brands.

BellRing Brands slashed FY2026 sales guidance from $2.410 billion-$2.460 billion to $2.325 billion-$2.365 billion.

BellRing Brands shares fell 1.6% to trade at $10.47 on Wednesday.

These analysts made changes to their price targets on BellRing Brands following earnings announcement.

• Morgan Stanley analyst Megan Alexander downgraded the stock from Overweight to Equal-Weight and lowered the price target from $24 to $13.
• Stifel analyst Matthew Smith maintained the stock with a Buy and lowered the price target from $34 to $14.
• Bernstein analyst Alexia Howard downgraded BellRing Brands from Outperform to Market Perform and cut the price target from $35 to $11.

Considering buying BRBR stock? Here’s what analysts think:

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