Outlook
For fiscal year 2026, BellRing management has updated its previously issued guidance, as shown in the table below. As a reminder, Adjusted EBITDA in fiscal year 2026 was impacted by an $11 million inventory-related charge; BellRing management has not incorporated any recovery of this charge into its outlook for fiscal year 2026.
| Metric | Fiscal Year 2026 |
| Net Sales | $2.325-$2.365 billion |
| Net Sales Growth | 0% to 2% |
| Adjusted EBITDA | $315-$335 million |
| Adjusted EBITDA as a percentage of Net Sales | Approximately 14% |
| Capital Expenditures | $8 million |
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