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Mar 31
BellRing Q2 2025 Earnings Report
BellRing reported strong Q2 2025 results with notable growth in Premier Protein sales and reaffirmed its full-year outlook.
Key Takeaways
BellRing Brands delivered solid performance in Q2 2025, driven by Premier Protein's market strength, improved pricing, and increased household penetration.
Net sales grew to $588,000,000, driven by both volume and pricing improvements.
Premier Protein ready-to-drink shake sales rose 21.7% YoY.
Adjusted EPS came in at $0.53, exceeding GAAP EPS of $0.45.
The company repurchased 2.4 million shares worth $171,700,000 during the quarter.
BellRing
BellRing
BellRing Revenue by Segment
Forward Guidance
BellRing affirmed FY25 guidance, expecting strong double-digit revenue and Adjusted EBITDA growth despite macro uncertainty.
Positive Outlook
- FY25 net sales expected between $2.26B and $2.34B
- Adjusted EBITDA guidance reaffirmed at $470M to $500M
- Capital expenditures expected to remain low at $9M
- Strong category momentum in ready-to-drink shakes and powders
- Increased household penetration and record market share for Premier Protein
Challenges Ahead
- Macroeconomic environment remains uncertain
- Cost inflation pressures continue to impact margins
- Dymatize price/mix weakened due to new product introductions
- SG&A expenses rose due to increased marketing spend
- Higher interest expenses from revolving credit borrowings