Filing Flows › Bellring Brands (BRBR) › Q3 FY26 › vs Q2 FY26
Bellring Brands (BRBR) Q3 FY26 vs Q2 FY26 (quarter over quarter)
Bellring Brands's revenue fell $28.3M (-5%) from $599M in Q2 FY26 to $570M in Q3 FY26. The biggest changes: Shakes −$55.4M (-11%); Powders +$24.4M (+29%); Other +$2.7M (+17%). Gross margin 28.6% against 27.0% (+1.6 pts).
Bellring Brands, Q3 FY26: revenue $570M (+4% year over year), operating margin 11.5%, net earnings $34.2M, operating cash flow $79.3M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q3 FY26 | Q2 FY26 | Change | |
|---|---|---|---|
| Gross margin | 28.6% | 27.0% | +1.6 pts |
| Operating margin | 11.5% | 11.0% | +0.4 pts |
| Net margin | 6.0% | 5.7% | +0.3 pts |
| Free cash flow margin | 13.5% | -2.2% | +15.7 pts |
Every line
| Line | Q3 FY26 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Shakes | $443M | $499M | −$55.4M | -11% |
| Powders | $109M | $84.2M | $24.4M | +29% |
| Other | $18.5M | $15.8M | $2.7M | +17% |
| Revenue | $570M | $599M | −$28.3M | -5% |
| Gross profit | $163M | $162M | $1.6M | +1% |
| Cost of revenue | $407M | $437M | −$29.9M | -7% |
| Operating profit | $65.4M | $66.0M | −$600K | -0.9% |
| Operating expenses | $97.9M | $95.7M | $2.2M | +2% |
| Pre-tax earnings | $45.5M | $45.9M | −$400K | -0.9% |
| Other expense, net | $19.9M | $20.1M | −$200K | -1% |
| SG&A | $93.7M | $91.5M | $2.2M | +2% |
| Other operating costs | $4.2M | $4.2M | $0 | 0% |
| Net earnings | $34.2M | $33.9M | $300K | +0.9% |
| Income tax | $11.3M | $12.0M | −$700K | -6% |
| Depreciation & amortization | $5.2M | $4.9M | $300K | +6% |
| Share-based compensation | $6.4M | $5.8M | $600K | +10% |
| Working capital & other | $33.5M | −$55.8M | $89.3M | — |
| Operating cash flow | $79.3M | −$11.2M | $90.5M | — |
| Free cash flow (OCF − capex) | $77.2M | −$13.0M | $90.2M | — |
| Capital expenditures | $2.1M | $1.8M | $300K | +17% |
Questions
How much did Bellring Brands's revenue grow quarter over quarter in Q3 FY26?
Bellring Brands's revenue fell $28.3M (-5%) from $599M in Q2 FY26 to $570M in Q3 FY26.
What drove Bellring Brands's revenue change in Q3 FY26?
Shakes −$55.4M (-11%); Powders +$24.4M (+29%); Other +$2.7M (+17%).