Beyond Meat® Reports Third Quarter 2026 Financial Results

(NASDAQ:BYND) Beyond Meat, Inc. reported total net revenues of $64.5 million for the third quarter ended September 26, 2026, representing an 8.1% decrease year-over-year. Gross profit for the quarter was $12.4 million, or a gross margin of 19.3%, compared to $5.2 million and a gross margin of 7.4% in the prior year period, which included $1.7 million in expenses related to the cessation of operational activities in China. Loss from operations was $93.0 million, or an operating margin of (144.1)%, compared to a loss of $98.1 million, or (139.7)% in the year-ago period. Loss from operations included $57.1 million in non-cash impairment charges related to certain long-lived assets, $20.8 million in non-cash charges associated with the Campus Headquarters building, $5.5 million in incremental share-based compensation expense related to the 2027 Notes exchange offer, $0.4 million in amortization of costs from a partial lease termination, $0.3 million in non-routine SG&A expenses, and a credit of $(21.8) million from a reduction in a litigation-related accrual. Net loss was $82.8 million, compared to $97.0 million in the prior year, with net loss per share at $(4.32) versus $(37.96) previously, reflecting 19,152,391 weighted average shares outstanding versus 2,555,696 in the prior year before the Exchange Offer. Adjusted EBITDA was a loss of $24.6 million, or (38.1)% of net revenues, compared to a loss of $33.5 million, or (47.7)% in the prior year. U.S. retail channel net revenues decreased 13.2% to $24.8 million, U.S. foodservice channel net revenues decreased 9.7% to $9.5 million, international retail channel net revenues increased 13.3% to $17.9 million, and international foodservice channel net revenues decreased 19.4% to $12.4 million. Total net revenues by channel for the quarter were: U.S. retail $24,757, U.S. foodservice $9,501, international retail $17,907, and international foodservice $12,364. Volume of products sold in the quarter was 13,348 thousand pounds, down 10.9% year-over-year. Gross profit improvement was attributed to a 10.1% decrease in total cost of goods sold per pound and a 3.2% increase in net revenue per pound. Operating expenses were $105.4 million, including $57.1 million in non-cash impairment charges and $20.8 million in accelerated rent expense from the Campus Headquarters lease termination. Total other income, net, was $10.1 million, up from $1.1 million, primarily due to a $13.3 million non-cash gain from remeasurement of derivative liability, offset by a $2.5 million increase in interest expense and a $2.2 million decrease in non-cash gain from remeasurement of delayed draw term loan warrant liability. Cash and cash equivalents, including restricted cash, were $169.3 million as of September 26, 2026, and total outstanding carrying value of debt, net of discount, was $313.9 million. On September 23, 2026, the company exchanged $15.0 million in principal amount of 2027 Notes for approximately 1.55 million shares, leaving $14.5 million in 2027 Notes outstanding, maturing March 15, 2027. Net cash used in operating activities for the nine months ended September 26, 2026, was $37.3 million, compared to $101.2 million in the prior year. Capital expenditures for the nine months were $5.5 million, compared to $9.3 million previously. Net cash used in investing activities was $1.4 million, compared to $8.0 million, and net cash used in financing activities was $10.6 million.

Beyond Meat® Reports Second Quarter 2026 Financial Results

(NASDAQ: BYND) Beyond Meat, Inc. reported net revenues of $68.8 million for the second quarter ended June 27, 2026, representing a decrease of 8.2% year-over-year. Gross profit was $5.9 million, or gross margin of 8.5%, compared to $7.9 million and 10.6% in the year-ago period, and included $1.6 million in expenses related to the cessation of the Company’s operational activities in China. Loss from operations was $30.8 million, or operating margin of -44.8%, compared to $37.5 million and -50.0% in the year-ago period, and included $4.7 million in incremental share-based compensation expense, $0.5 million in certain non-routine SG&A expenses, $0.4 million in amortization of costs related to a partial lease termination, and a credit of $11.0 million from settlement of arbitration proceedings. Net income was $16.4 million, compared to net loss of $(31.8) million in the year-ago period, primarily driven by a $57.7 million non-cash gain on debt extinguishment. Adjusted EBITDA was a loss of $27.7 million, or -40.2% of net revenues, compared to a loss of $24.7 million, or -33.0% of net revenues, in the year-ago period. The company projects third quarter 2026 net revenues to be approximately $60 million to $65 million.

Beyond Meat® Reports First Quarter 2026 Financial Results

Beyond Meat, Inc. (NASDAQ: BYND) reported its financial results for the first quarter ended March 28, 2026. Net revenues were $58.2 million, a decrease of 15.3% year-over-year, with a net loss of $28.5 million compared to $61.1 million in the prior year period. Gross profit was $2.0 million, or a gross margin of 3.4%, compared to a gross loss of $6.9 million, or -10.1% gross margin, in the year-ago period. The company reported its lowest quarterly cash use in over two years and continues to experience uncertainty and volatility in its operating environment. For the second quarter of 2026, net revenues are expected to be approximately $60 million to $65 million.

Beyond Meat® Launches New Beyond Chicken® Pieces Spicy Buffalo at Kroger Stores Nationwide

Beyond Meat, Inc. announced the nationwide rollout of a new Beyond Chicken Pieces variety at over 2,000 Kroger stores. The new product, Beyond Chicken Pieces Spicy Buffalo, expands the lineup following the introduction of Beyond Chicken Pieces Original at major retailers. The announcement highlights the company's continued product innovation and expanded retail presence. This matters to investors as it demonstrates growth in distribution and product offerings. The exact number of Kroger stores is specified as over 2,000.

Kuehn Law Encourages Investors of Beyond Meat, Inc. to Contact Law Firm

Kuehn Law, PLLC, a shareholder litigation law firm, has announced an investigation into potential breaches of fiduciary duty by certain officers and directors of Beyond Meat, Inc. (NASDAQ: BYND). The investigation is in response to allegations raised in a federal securities lawsuit. This development is significant for investors as it may indicate possible governance or compliance issues within Beyond Meat's leadership. No specific allegations or outcomes have been detailed at this stage. The announcement signals potential legal and reputational risks for the company.