BellRing Brands announces new $400M share repurchase authorization, replaces $300M plan

BELLRING BRANDS, INC.

Board approved $400M share repurchase authorization over two years, effective Sept 2, 2025.
Existing $300M authorization cancelled as of Aug 29, 2025; $226M spent under it.
As of Aug 29, 2025, repurchased 3.1M shares at avg price $40.02 for $123.4M since June 30.
Repurchases may be made in open market, private deals, or derivative transactions; no obligation to buy.
Timing and size subject to liquidity, share price, market conditions and legal requirements.

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