BellRing Brands, Inc. (BRBR) experienced a significant pre-market plunge of 5.74% on Tuesday, following the release of its first-quarter fiscal 2026 results and a major leadership announcement.
The company reported a 43% year-over-year decline in net earnings to $43.7 million, despite a modest 1% increase in net sales to $537.3 million. Gross profit margin contracted sharply to 29.9% from 37.5% in the prior year period, impacted by significant input cost inflation, including higher whey protein costs, and unfavorable product mix.
Concurrently, BellRing announced that President and CEO Darcy Davenport will retire by September 30, 2026, or upon the appointment of a successor. The company also narrowed its fiscal 2026 net sales outlook to $2.41-$2.46 billion and adjusted EBITDA guidance to $425-$440 million, citing increased promotional activity and cost pressures.