BELLRING BRANDS, INC. Earnings Per Share Disclosure
| Year Ended September 30, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
Net earnings | $ | 216.2 | $ | 246.5 | $ | 165.5 | |||||||||||
| shares in millions | |||||||||||||||||
| Weighted-average shares for basic earnings per share | 126.9 | 130.3 | 133.0 | ||||||||||||||
| Effect of dilutive securities: | |||||||||||||||||
| Stock options | 0.2 | 0.2 | 0.1 | ||||||||||||||
| Restricted stock units | 0.3 | 0.3 | 0.3 | ||||||||||||||
| Performance-based restricted stock units | 1.1 | 1.5 | 0.7 | ||||||||||||||
| Weighted-average shares for diluted earnings per share | 128.5 | 132.3 | 134.1 | ||||||||||||||
Basic earnings per share | $ | 1.70 | $ | 1.89 | $ | 1.24 | |||||||||||
Diluted earnings per share | $ | 1.68 | $ | 1.86 | $ | 1.23 | |||||||||||
| Year Ended September 30, | |||||||||||||||||
| shares in millions | 2025 | 2024 | 2023 | ||||||||||||||
| Restricted stock units | 0.1 | — | 0.1 | ||||||||||||||
| Performance-based restricted stock units | — | — | 0.1 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Nov 18, 2025 | Showing above |
| 2024 | Nov 19, 2024 | |
| 2023 | Nov 21, 2023 | |
| 2022 | Nov 17, 2022 | |
| 2021 | Nov 19, 2021 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.