BellRing Brands, Inc. reported third fiscal quarter results ended June 30, 2026, with net sales of $570.4 million, up 4% year-over-year. Operating profit was $65.4 million and net earnings were $34.2 million, both impacted by a pre-tax $10 million inventory-related charge. The company updated its fiscal year 2026 outlook to net sales of $2.335-$2.375 billion and Adjusted EBITDA of $275-$295 million, reflecting a full-year pre-tax $28 million unfavorable impact from inventory actions. Michael Axelrod became President and CEO on July 29, 2026. BellRing Brands operates in the global proactive wellness category, producing nutritional brands including Premier Protein and Dymatize.

BellRing Brands, Inc. appointed Michael Axelrod as President, Chief Executive Officer, and a member of the Board of Directors, effective July 29, 2026. Axelrod succeeds Darcy H. Davenport, who will retire from the CEO role and transition to an advisory position on the same date. Axelrod, formerly CEO of Snak King, will receive an annual base salary of $1,000,000, a target annual cash bonus of 100% of his base salary, and a $4,750,000 equity award under the 2019 Long Term Incentive Plan. The appointment includes a severance agreement providing for 2.0x to 3.0x salary and bonus coverage depending on change in control circumstances, alongside a transaction bonus agreement. BellRing Brands, Inc. is a consumer goods company specializing in branded nutrition products.

BellRing Brands, Inc. announced a workforce realignment to optimize operational efficiency, expecting annualized run-rate operating expense savings of $10 to $12 million before taxes, including $3 million in non-cash stock compensation. The company will incur one-time workforce realignment charges of approximately $6 million, primarily in the third quarter of fiscal 2026. Additionally, Douglas J. Cornille will step down as Chief Growth Officer effective June 24, 2026, with a formal departure on September 1, 2026. BellRing Brands, Inc. is a consumer goods company that produces nutrition-focused products.