the Joshua Schall Audio Experience

Joshua Schall

Welcome to the Joshua Schall Audio Experience On my podcast, you’ll hear episodes of my popular short-form Consumer Packaged Goods (CPG) news segment "Consumed", a long-form CPG entrepreneurship interview segment "Formula For:", deeper dive segments "Deep Dish CPG", public speaking engagements, and any of my new and current thoughts that I record specifically for this audio experience! Leave a review on iTunes and let me know what you think!

  1. MAY 7

    Alani Nu Revenue Higher Than CELSIUS (AGAIN!) | Celsius Holdings 2026 Q1 Update

    How long before Celsius Holdings swaps its corporate name to Alani Nu Holdings? But in all honesty, Celsius Holdings has come a long way from a single energy drink product launched more than two decades ago to a scaled platform with multiple billion-dollar beverage brand powerhouses. Although why does it feel like there’s still so much more that needs done? Celsius Holdings (NASDAQ: CELH) had quarterly revenue of $782.6 million, which was up 138% YoY. Excluding the Alani Nu acquisition-related financial impact, CELSIUS brand revenue increased 6% YoY. Alani Nu had quarterly revenue of $368.1 million. Rockstar Energy had quarterly revenue of $67 million. According to recent 13-week retail sales data, CELSIUS increased by 6% YoY...remaining the third-largest energy drink brand in the category with a dollar share of 9.9%. Alani Nu increased retail sales 100% YoY and is now the dominant fourth brand in the U.S. energy drinks market with dollar share of 9.0%. And Rockstar Energy retail sales decreased 13% YoY and is the 8th largest U.S. energy drink with dollar share of 2.0%. If we look at Celsius Holdings combined brand portfolio, it reached 21% of dollar share...ranking it third and trailing only Red Bull and the combined Monster Beverage portfolio. Things drastically shifted for CELSIUS because of the August 2022 distribution and investment deal with PepsiCo. Additionally, when Celsius Holdings took ownership of the Rockstar Energy brand last quarter, it designated them the PepsiCo strategic energy drink captain. Also, another major aspect of “Celsius Holdings and PepsiCo strengthening its long-term strategic partnership” was the transition of Alani Nu distribution into the PepsiCo DSD system starting December 2025. So then, in my latest first principles thinking content piece, I'll explore several key factors surrounding why the next 12-18 months will define the future of the Celsius Holdings brand portfolio.

    13 min
  2. MAY 6

    Can Product Innovation Save Premier Protein? | BellRing Brands 2026 Q2 Update

    More Competition. More Promotions. More Innovation. The Protein RTD market set-up is getting really interesting...just like I predicted two years earlier! BellRing Brands (NYSE: BRBR) is a portfolio that owns a collection of convenient nutrition brands like Premier Protein and Dymatize Nutrition, which was previously wholly-owned by Post Holdings. A fast-paced and busy lifestyle is pushing consumers to switch to quick and healthy meal options. This has resulted in above average categorical growth rates and increased household penetration of RTD protein shakes that promote active lifestyles. Additionally, powders are becoming more mainstream, and category proliferation has created an environment where more consumers are purchasing both every day and performance nutrition positioned protein products at grocery stores and mass retailers. Bellring Brands reported 2026 Q2 net sales of $598.7 million, which was up 1.8% YoY. Premier Protein (~85% of BellRing Brands total revenue) increased by 1.7% YoY, driven by strong volume growth but partially offset by an equally strong decrease in price/product mix. Dymatize Nutrition was down 1.9% YoY, driven by higher average net selling prices, with volumes impacted by elasticities due to inflation-driven price increases. Moreover, I provide deep dives into Premier Protein RTD protein shakes business activity, along with examining similar metrics surrounding the protein powders from Premier Protein and Dymatize Nutrition. But what did I say two years earlier about the RTD Protein market outlook? Higher protein input costs, more total distribution points, and more competitors...yep! But what I didn’t layout clearly enough by my “things should be fun to say the least” comment was how “a more pressured consumer” would create extra challenges in this operating environment. As a result, 27% of the Protein RTD category volumes were sold on price promotion…that’s up around 800 basis points YoY. But then, with BellRing Brands’ CEO announcing her retirement (effective 2026 fiscal year-end), you might remember from last quarter that I half-jokingly “applied for the position.” And I won’t go through my entire “three most-critical forward-looking strategic initiatives as the new CEO of BellRing Brands,” but I quickly wanted to provide a mixed bag update of new information including the launch of Premier Protein Ultimate and Premier Protein Soda.

    17 min
4.8
out of 5
17 Ratings

About

Welcome to the Joshua Schall Audio Experience On my podcast, you’ll hear episodes of my popular short-form Consumer Packaged Goods (CPG) news segment "Consumed", a long-form CPG entrepreneurship interview segment "Formula For:", deeper dive segments "Deep Dish CPG", public speaking engagements, and any of my new and current thoughts that I record specifically for this audio experience! Leave a review on iTunes and let me know what you think!

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