BRBR

• Operating profit was $65.4 million, net earnings were $34.2 million, and Adjusted EBITDA was $78.3 million, each including a pre-tax $10 million inventory-related charge.
• Dymatize net sales increased 26.7% year-over-year, while Premier Protein net sales increased 0.7%.
• Fiscal year 2026 net sales outlook updated to $2.335-$2.375 billion and Adjusted EBITDA outlook to $275-$295 million, including a $28 million unfavorable impact from inventory-related actions.
• During the nine months ended June 30, 2026, BellRing repurchased 4.9 million shares for $133.1 million at an average price of $27.41 per share.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Michael Axelrod will become President and CEO and join the Board on July 29, 2026, succeeding Darcy H. Davenport, who will retire and become an advisor.
• The company entered into a Severance and Change in Control Agreement with Axelrod, providing severance of 2.0x (non-CIC) or 3.0x (CIC) base salary plus target bonus.
• Axelrod is also entitled to a transaction bonus equal to 100% of annual salary upon a change in control, and a gross-up agreement for Section 4999 excise tax.
• The appointment follows a comprehensive external search, and Davenport will support the transition in an advisory role.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• Douglas J. Cornille will step down as Chief Growth Officer effective June 24, 2026, and leave the company on September 1, 2026.
• The company approved workforce realignment actions on June 24, 2026, to streamline operations and improve financial efficiency.
• Expected annualized operating expense savings of approximately $10 to $12 million before taxes, with about $3 million from non-cash stock compensation.
• One-time workforce realignment charges are estimated at approximately $6 million, primarily for severance, expected in Q3 fiscal 2026.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 8.01 Other Events

• Operating profit was $66.0 million, net earnings were $33.9 million, and Adjusted EBITDA was $53.8 million, each impacted by an $11.3 million inventory-related charge.
• Gross profit margin fell to 27.0% from 32.3% in the prior year period, with adjusted gross profit margin at 22.7% versus 34.5%.
• The company updated its fiscal year 2026 net sales outlook to $2.325-$2.365 billion and Adjusted EBITDA outlook to $315-$335 million.
• During the quarter, BellRing repurchased 1.2 million shares for $26.2 million at an average price of $22.11 per share.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• On February 19, 2026, BellRing Brands' Corporate Governance and Compensation Committee approved special RSU grants to four named executive officers.
• Chief Growth Officer Douglas J. Cornille received 27,209 RSUs valued at $516,427.
• Chief Legal Officer Craig L. Rosenthal received 26,349 RSUs valued at $500,104, and Chief Supply Chain Officer Robin Singh received 23,877 RSUs valued at $453,185.
• The RSUs vest in full on the first anniversary of the grant date and are intended to promote retention during the previously disclosed CEO transition period.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements

• The retirement is not due to any disagreement with the Company on operations, policies, or practices.
• BellRing reported Q1 FY2026 net sales of $537.3 million, up 0.8% year-over-year.
• The Company narrowed its FY2026 net sales outlook to $2.41-$2.46 billion and Adjusted EBITDA to $425-$440 million.
• BellRing repurchased 3.0 million shares for $96.9 million in Q1 FY2026.

2.02 Results of Operations and Financial Condition · 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits

• All five director nominees were elected: Robert V. Vitale (73.9%), Darcy H. Davenport (98.3%), David I. Finkelstein (98.8%), Chonda J. Nwamu (98.3%), and Elliot H. Stein, Jr. (94.7%).
• Stockholders ratified the appointment of PricewaterhouseCoopers LLP as independent auditor for fiscal year 2026 with 99.7% votes cast for.
• The non-binding advisory vote on executive compensation was approved with 82.4% votes cast for.
• The report was filed under Item 5.07 to disclose the final voting results of the annual meeting.

5.07 Submission of Matters to a Vote of Security Holders

• On November 19, 2025, BellRing Brands' Board approved a new $600 million share repurchase authorization effective that date.
• The new authorization replaces and cancels the prior $400 million authorization that had been effective since September 2, 2025.
• The new authorization runs for two years and allows repurchases through open market, private, forward, derivative, accelerated, or automatic transactions.
• The company is not obligated to repurchase any specific amount and may suspend or terminate repurchases at its discretion.

8.01 Other Events · 9.01 Financial Statements and Exhibits