Segments

12 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Segments

SEGMENTS

The Company manages its operations on a consolidated basis through one operating and reportable segment. The accounting policies of the segment are the same as those described in the summary of significant accounting policies (see Note 2).

The Company’s Chief Operating Decision Maker (“CODM”) is the President and Chief Executive Officer of BellRing. The CODM utilizes consolidated single-segment net earnings (reported on the Consolidated Statements of Operations as “Net Earnings”) to evaluate financial performance, allocate resources and forecast future period financial results. The CODM evaluates performance by comparing actual to budgeted results and utilizes this information to decide whether to reinvest into the segment or into other parts of the entity, such as for acquisitions or to repurchase shares. The measure of segment assets is reported on the Consolidated Balance Sheets as “Total Assets”.

The following table presents net sales, the significant expense categories reviewed by the CODM and net earnings of the Company.

	Year Ended September 30,
	2025		2024		2023
Net Sales	$	2,316.6	$	1,996.2	$	1,666.8
Less:
Cost of goods sold	1,546.2		1,288.9		1,136.6
Advertising expenses	75.2		61.3		40.9
Amortization of intangible assets	17.0		35.0		26.6
Other segment expenses (a)	320.8		223.3		175.4
Interest expense, net	68.4		58.3		66.9
Income tax expense	72.8		82.9		54.9
Net Earnings	$	216.2	$	246.5	$	165.5

(a)Other segment expenses includes employee-related expenses, marketing and distribution, research and development, outside professional services, depreciation and other general expenses.