Bellring Brands, Inc. · NYSE:BRBR
Bellring Brands — Q3 2026 Earnings Presentation
20 slides from Bellring Brands's earnings presentation, Aug 4, 2026
Slide 1: Third Quarter Fiscal Year 2026 Supplemental Presentation
Third Quarter Fiscal Year 2026 Supplemental Presentation August 4, 2026 Investor Presentation November 2022
Slide 2: Cautionary Statement Regarding Forward-Looking Statements
Cautionary Statement Regarding Forward-Looking Statements Certain matters discussed in this presentation and the accompanying oral presentation are • significant volatility in the cost or availability of inputs to BellRing’s business (including freight, forward-looking statements within the meaning
Slide 3: Cautionary Statement Regarding Forward-Looking Statements (Cont'd)
Cautionary Statement Regarding Forward-Looking Statements (Cont’d) (CONTINUED FROM PRIOR PAGE): • significant differences in BellRing’s actual operating results from any guidance BellRing may give regarding its performance; and • risks related to BellRing’s ongoing relationship with Post Holdings, I
Slide 4: Additional Information
Additional Information Market and Industry Data Prospective Information This presentation includes industry and trade association data, forecasts and information Any prospective information provided in this presentation regarding BellRing’s future that were prepared based, in part, upon data, foreca
Slide 5: Q3 FY2026 Consumption and Key Metrics Executive Summary
Q3 FY2026 Consumption and Key Metrics Executive Summary ● The wellness category showed continued growth (+8%)1, with ready-to-drink (“RTD”) growth (+11%)1 and ready-to-mix (“RTM”) growth healthy. o 17% of the RTD category volumes were sold on price reduction, relatively inline with Q3 historical nor
Slide 6: Ready-to-Drink and Ready-to-Mix Category Growth Remained Healthy
Ready-to-Drink and Ready-to-Mix Category Growth Remained Healthy L13 L52 Growth % Dollar Volume Price/Mix Dollar Volume Price/Mix Ready-to-Drink 11% 10% 1% 11% 11% 0% Ready-to-Mix 8% 8% 0% 9% 9% 0% 30.0% 25.0% 20.0% YOY % Δ 15.0% 10.0% 5.0% 0.0% 4WE 05-04-25 4WE 06-29-25 4WE 08-24-25 4WE 06-01-25 4W
Slide 7: Premier Protein RTD Shake Growth in eCommerce, Food and Mass Partly Offset by Club
Premier Protein RTD Shake Growth in eCommerce, Food and Mass Partly Offset by Club Headwinds Premier Protein RTD Shakes $ Sales vs. Prior Year Channel 13 Weeks 52 Weeks Club -7.6% -1.2% Mass +10.1% +11.2% Food +26.1% +20.6% eCommerce +50.9% +27.8% Total Consumption (tracked + untracked channels) +6.
Slide 8: Premier Protein RTD Consumption Grew in Q3 FY2026
Premier Protein RTD Consumption Grew in Q3 FY2026 Premier Protein RTD Shakes Rolling 13 week Total $ Consumption Sales $ Volume Sep 01'24 Sep 29'24 Sep 28'25 Nov 30'25 Mar 30'25 Mar 29'26 May 31'26 Nov 3'24 Mar 2'25 Jun 1'2025 Aug 3'25 Nov 2'25 Mar 1'26 May 3'26 Feb 2'25 Feb 1'26 Dec 29'24 Jun 29'25
Slide 9: Consumption Outpaced Shipments in Q3 FY2026
Consumption Outpaced Shipments in Q3 FY2026 Trade Inventory Trade Inventory Trade Inventory Increase, Consumption Consumption in line Trade Inventory Slight Trade Inventory Consumption Increase, Seasonality Increase, Seasonality New Item and Outpaced Shipments with Shipments Increase Increase Outpac
Slide 10: Premier Protein RTD Shake TDPs Grew 27% in Q3 FY2026 vs. Year Ago
Premier Protein RTD Shake TDPs Grew 27% in Q3 FY2026 vs. Year Ago 2,000 79 78 80 1,800 1,633 70 1,600 1,400 60 1,200 50 % ACV TDPs 1,000 945 40 800 30 600 20 400 10 200 0 0 Total Points of Distribution ACV Weighted Distribution Notes: Circana U.S. Multi Outlet+ with Convenience. 10
Slide 11: Premier Protein Brand Metrics Remained Strong
Premier Protein Brand Metrics Remained Strong +19% +17% +17% +17% +9% +9% +6% +8% 30g Shake Repeat Rate 49% 49% 51% 52% 52% 30g Shake Buy Rate $81 $83 $89 $93 $91 Notes: Numerator Total U.S. Panel 52 weeks ending June 28, 2026. Liquids refers to the liquid sub-category of the wellness category. Cale
Slide 12: Premier Protein RTD Shakes Sustained Category Leadership
Premier Protein RTD Shakes Sustained Category Leadership Trended Premier Protein RTD Shake $ Share % Major Club Promotion Major Club Promotion Major Club Promotion 30 25 23.8 21.9 20 15 10 5 0 Notes: Circana U.S. Multi Outlet+ with Convenience. 12
Slide 13: Premier Protein Powder eCommerce Growth Offset by Headwinds
Premier Protein Powder eCommerce Growth Offset by Headwinds from Inflation-Driven Price Increase and Distribution Premier Protein Powders $ Sales vs. Prior Year Channel 13 Weeks 52 Weeks Mass -6.2% -6.9% eCommerce +15.4% +5.6% Food -31.9% -15.6% Club +3.6% +121.5% Total Consumption (tracked channels
Slide 14: Powder Sequential Consumption Levels Remained Stable
Premier Protein Powder Sequential Consumption Levels Remained Stable Premier Protein Ready-to-Mix Powders Rolling 13 week Total $ Consumption Sales $ Volume Dec 29'24 Dec 28'25 Mar 2'25 Mar 1'26 Dec 1'24 Jul 28'24 Nov 30'25 Mar 30'25 Mar 29'26 Jun 29'25 Jun 28'26 Nov 3'24 Nov 2'25 Sep 01'24 Sep 29'2
Slide 15: Premier Protein Powder TDPs Impacted by Retailer Discontinuations
Premier Protein Powder TDPs Impacted by Retailer Discontinuations 250 60 53 52 200 50 167 161 150 40 % ACV TDPs 30 100 20 50 10 0 0 Total Points of Distribution ACV Weighted Distribution Notes: Circana U.S. Multi Outlet+ with Convenience. 15
Slide 16: Dymatize Consumption Driven by eCommerce Channel and RTD Shakes
Dymatize Consumption Driven by eCommerce Channel and RTD Shakes Dymatize $ Sales vs. Prior Year Channel 13 Weeks 52 Weeks eCommerce +18.0% +7.8% Mass -11.9% -4.2% Specialty/All Other -3.9% -3.5% Food -12.2% +4.7% Club -53.0% +26.0% Total Consumption (tracked + untracked channels) +2.7% +3.7% • Track
Slide 17: Total Dymatize Consumption Grew in Q3 FY2026
Total Dymatize Consumption Grew in Q3 FY2026 Dymatize Rolling 13 week Total $ Consumption Sales $ Volume Feb 2'25 Aug 3'25 Feb 1'26 Jun 29'25 Nov 30'25 Jun 28'26 Nov 3'24 Dec 29'24 Dec 28'25 Dec 1'24 Jun 1'25 Jul 28'24 Sep 01'24 Sep 29'24 Mar 30'25 Mar 2'25 Sep 28'25 Nov 2'25 Mar 29'26 Mar 1'26 May
Slide 18: Dymatize TDPs Declined Driven by Discontinuations and Ending Club Rotation
Dymatize TDPs Declined Driven by Discontinuations and Ending Club Rotation 60 400 52 350 50 44 300 275 40 252 250 % ACV TDPs 30 200 150 20 100 10 50 0 0 Total Points of Distribution ACV Weighted Distribution Notes: Circana U.S. Multi Outlet+ with Convenience. 18
Slide 19: BellRing's Complementary Powder Portfolio Remains a Strong Protein Category Player
Notes: 1% 2% 3% 5% 6% 7% 4% % 5.6 2.0 3.6 4WE 07-28-24 4WE 08-25-24 Circana U.S. Multi Outlet+ with Convenience. 4WE 09-22-24 4WE 10-20-24 4WE 11-17-24 4WE 12-15-24 4WE 01-12-25 4WE 02-09-25 4WE 03-09-25 4WE 04-06-25 Total BellRing Powders 4WE 05-04-25 4WE 06-01-25 4WE 06-29-25 4WE 07-27-25 and Mean
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