Segments

3 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Segments

SEGMENTS

The Company manages its operations on a consolidated basis through one operating and reportable segment. 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 Condensed 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 Condensed 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.

	Three Months Ended December 31,
	2025		2024
Net Sales	$	537.3	$	532.9
Less:
Cost of goods sold	376.5		333.3
Advertising expenses	12.4		15.1
Amortization of intangible assets	4.3		4.2
Other segment expenses (a)	65.6		65.0
Interest expense, net	20.0		14.4
Income tax expense	14.8		24.0
Net Earnings	$	43.7	$	76.9

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