By Rob Curran

Shares of BellRing Brands tumbled after the maker of protein shakes posted fiscal second-quarter earnings shy of expectations and cut its sales forecast for the year, citing customer thrift.

The protein shake maker on Tuesday posted earnings of $33.9 million, or 29 cents a share, for the quarter ended in March, down from $58.7 million, or 45 cents a share, a year earlier, short of the average Wall Street target of 31 cents a share, as per FactSet.

Stripping out certain one-time items, BellRing logged adjusted earnings of 14 cents a share.

Sales rose 1.8% to $598.7 million, as an 11% increase in volumes was offset by an adverse mix of sales, skewed towards less expensive products.

"Heightened consumer price sensitivity together with a sustained promotional environment adversely impacted our sales mix," said President and Chief Executive Darcy Davenport, in a statement.

For the fiscal year ending in September, BellRing cut its sales projection to a range between $2.325 billion and $2.365 billion from a prior projection of $2.41 billion to $2.46 billion. Analysts, on average, had anticipated sales of $2.41 billion.

Shares of BellRing slid 37% to $11, premarket.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

May 05, 2026 08:28 ET (12:28 GMT)

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