$BRBR

BELLRING BRANDS, INC.

CIK:0001772016|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Net Sales	$ 570.4	$ 547.5	$ 1,706.4	$ 1,668.4
Cost of goods sold	407.1	353.9	1,220.6	1,085.4
Gross Profit	163.3	193.6	485.8	583.0
Selling, general and administrative expenses	93.7	144.5	263.2	315.1
Amortization of intangible assets	4.2	4.3	12.7	12.7
Operating Profit	65.4	44.8	209.9	255.2
Interest expense, net	19.9	18.4	60.0	49.3
Earnings before Income Taxes	45.5	26.4	149.9	205.9
Income tax expense	11.3	5.4	38.1	49.3
Net Earnings	$ 34.2	$ 21.0	$ 111.8	$ 156.6
Earnings per Common Share:
Basic (in USD per share)	$ 0.29	$ 0.17	$ 0.95	$ 1.22
Diluted (in USD per share)	$ 0.29	$ 0.16	$ 0.95	$ 1.21
Weighted-Average Common Shares Outstanding:
Basic (in shares)	116.4	126.6	117.7	127.9
Diluted (in shares)	116.6	128.0	118.0	129.7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Millions	9 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash Flows from Operating Activities:
Net earnings	$ 111.8	$ 156.6
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	15.0	13.8
Non-cash stock-based compensation expense	17.6	16.9
Deferred income taxes	7.4	(21.0)
Unrealized (gain) loss on commodity derivatives	(15.0)	7.4
Other, net	1.8	0.1
Other changes in operating assets and liabilities:
Decrease (increase) in receivables, net	6.6	(21.8)
Increase in inventories	(150.7)	(128.3)
Increase in prepaid expenses and other current assets	(2.3)	(12.4)
(Increase) decrease in other assets	(5.6)	1.3
Increase in accounts payable and other current liabilities	78.4	78.9
Net Cash Provided by Operating Activities	65.0	91.5
Cash Flows from Investing Activities:
Additions to property	(8.1)	(3.7)
Net Cash Used in Investing Activities	(8.1)	(3.7)
Cash Flows from Financing Activities:
Proceeds from issuance of long-term debt	325.0	360.0
Repayments of long-term debt	(275.0)	(185.0)
Purchases of treasury stock	(137.2)	(267.9)
Tax withholding payments related to stock compensation plans	(8.3)	(11.5)
Net Cash Used in Financing Activities	(95.5)	(104.4)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash	0.5	0.4
Net Decrease in Cash, Cash Equivalents and Restricted Cash	(38.1)	(16.2)
Cash, Cash Equivalents and Restricted Cash, Beginning of Year	89.1	71.1
Cash, Cash Equivalents and Restricted Cash, End of Period	$ 51.0	$ 54.9

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Jun. 30, 2026	Sep. 30, 2025
ASSETS
Cash and cash equivalents	$ 50.4	$ 71.8
Restricted cash	0.6	17.3
Receivables, net	216.3	223.4
Inventories	480.6	330.4
Prepaid expenses and other current assets	31.6	22.6
Total Current Assets	779.5	665.5
Property, net	30.5	19.0
Goodwill	65.9	65.9
Intangible assets, net	112.2	125.0
Deferred income taxes	24.9	32.4
Other assets	39.1	33.2
Total Assets	1,052.1	941.0
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Accounts payable	167.7	119.5
Other current liabilities	178.1	163.3
Total Current Liabilities	345.8	282.8
Long-term debt	1,135.3	1,084.3
Deferred income taxes	0.4	0.4
Other liabilities	37.8	27.4
Total Liabilities	1,519.3	1,394.9
Common stock	1.4	1.4
Additional paid-in capital	58.6	48.7
Retained earnings	384.4	272.6
Accumulated other comprehensive loss	(1.5)	(1.0)
Treasury stock, at cost	(910.1)	(775.6)
Total Stockholders’ Deficit	(467.2)	(453.9)
Total Liabilities and Stockholders’ Deficit	$ 1,052.1	$ 941.0