Bellring Brands

Q3 FY2026 EarningsQ3 FY26 results presented a mixed performance: net sales of $570.4M beat the $548.2M consensus (+4.1%), but adjusted EPS of $0.30 missed the $0.37 normalized estimate significantly. Profitability was severely pressured by a $10M excess inventory charge and persistent input cost inflation, leading to a gross margin of 28.6% vs. the 29.9% expected. Despite top-line strength in Dymatize (+26.7% YoY), FY26 guidance for Adjusted EBITDA was tightened to $275-$295M, reflecting a total $28M headwind from inventory-related actions.