Filing Flows › Bellring Brands (BRBR) › Q2 FY26 › vs Q1 FY26
Bellring Brands (BRBR) Q2 FY26 vs Q1 FY26 (quarter over quarter)
Bellring Brands's revenue rose $61.4M (+11%) from $537M in Q1 FY26 to $599M in Q2 FY26. The biggest changes: Shakes +$66.3M (+15%); Powders −$7.9M (-9%); Other +$3.0M (+23%). Gross margin 27.0% against 29.9% (-2.9 pts).
Bellring Brands, Q2 FY26: revenue $599M (+2% year over year), operating margin 11.0%, net earnings $33.9M, operating cash flow −$11.2M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q2 FY26 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 27.0% | 29.9% | -2.9 pts |
| Operating margin | 11.0% | 14.6% | -3.6 pts |
| Net margin | 5.7% | 8.1% | -2.5 pts |
Every line
| Line | Q2 FY26 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Shakes | $499M | $432M | $66.3M | +15% |
| Powders | $84.2M | $92.1M | −$7.9M | -9% |
| Other | $15.8M | $12.8M | $3.0M | +23% |
| Revenue | $599M | $537M | $61.4M | +11% |
| Gross profit | $162M | $161M | $900K | +0.6% |
| Cost of revenue | $437M | $376M | $60.5M | +16% |
| Operating profit | $66.0M | $78.5M | −$12.5M | -16% |
| Operating expenses | $95.7M | $82.3M | $13.4M | +16% |
| Pre-tax earnings | $45.9M | $58.5M | −$12.6M | -22% |
| Other expense, net | $20.1M | $20.0M | $100K | +0.5% |
| SG&A | $91.5M | $78.0M | $13.5M | +17% |
| Other operating costs | $4.2M | $4.3M | −$100K | -2% |
| Net earnings | $33.9M | $43.7M | −$9.8M | -22% |
| Income tax | $12.0M | $14.8M | −$2.8M | -19% |
| Operating cash sources | $55.8M | $57.1M | −$1.3M | -2% |
| Depreciation & amortization | $4.9M | $4.9M | $0 | 0% |
| Share-based compensation | $5.8M | $5.4M | $400K | +7% |
| Cash used in operations | $11.2M | $3.1M | $8.1M | +261% |
| Working capital & other | $55.8M | $57.1M | −$1.3M | -2% |
Questions
How much did Bellring Brands's revenue grow quarter over quarter in Q2 FY26?
Bellring Brands's revenue rose $61.4M (+11%) from $537M in Q1 FY26 to $599M in Q2 FY26.
What drove Bellring Brands's revenue change in Q2 FY26?
Shakes +$66.3M (+15%); Powders −$7.9M (-9%); Other +$3.0M (+23%).