Earnings Releases·Nov 4, 2026, 4:57 PM ET

Beyond Meat — Third Quarter 2026 Earnings Summary

Total net revenues declined 8.1% year-over-year to $64.5 million, while gross margin improved significantly to 19.3% from 7.4% and net loss narrowed to $82.8 million from $97.0 million in the prior year period.
Adjusted EBITDA loss narrowed to $24.6 million (-38.1% of revenue) from $33.5 million (-47.7% of revenue), and net cash used in operating activities for the nine months ended September 26, 2026, decreased to $37.3 million from $101.2 million.
International retail revenues grew 13.3% driven by European markets, contrasting with double-digit volume declines in U.S. retail and foodservice channels; Q4 2026 revenue guidance is set at $54 million to $59 million amid elevated market uncertainty.
Management executed a $15.0 million debt-to-equity exchange of 2027 Notes for approximately 1.55 million shares and is pursuing enterprise-wide cost reductions, including long-term lease obligations, to stabilize U.S. revenues.
The company recorded $57.1 million in non-cash impairment charges and $20.8 million in accelerated rent expense, and retroactively corrected 2025 financial statement errors regarding inventory valuation and debt issuance costs.