Bellring brands announces new share repurchase authorization of $300 million

St. louis, feb. 29, 2024 (globe newswire) -- bellring brands, inc. (nyse:brbr) today announced its board of directors approved a $300 million share repurchase authorization over the next two years, with share repurchases under the new authorization beginning on march 11, 2024. subsequent to december 31, 2023 and as of february 29, 2024, bellring repurchased 0.2 million shares of its common stock for $12.3 million at an average price of $53.58 per share. as of february 29, 2024, bellring had repurchased approximately $79 million under its previous $80 million share repurchase authorization, which became effective on may 3, 2023 and will be cancelled effective march 11, 2024.
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