Beyond Meat® Reports Third Quarter 2026 Financial Results
Beyond Meat reported Q3 2026 net revenues of $64.5 million, down 8.1% year-over-year, driven by a 10.9% decline in volume sold, with revenue at the high end of guidance. Gross margin improved to 19.3% from 7.4% a year ago — the company's highest in five years — while Adjusted EBITDA loss narrowed to $24.6 million from $33.5 million. Net loss was $82.8 million, or $(4.32) per share, on a large non-cash basis including $57.1 million of asset impairments and $20.8 million of accelerated rent from a partial Campus Headquarters lease termination. International retail revenue grew 13.3% on European strength, but U.S.
Key figures
- Revenue
- 64500000
- Guidance
- Q4 2026 total net revenues approximately $54 million to $59 million
- Revenue Yoy
- -8.1%
- Gross margin
- 19.3%
- Gross profit
- 12400000
- Operating margin
- (144.1)%
- Qtd volume change
- -10.9%
- Impairment charges
- 57100000
- Adjusted ebitda margin
- (38.1)%
- Prior year gross margin
- 7.4%
- Accelerated rent expense
- 20800000
- Cash and restricted cash
- 169300000
- Us retail revenue change
- -13.2%
- Total debt carrying value
- 313900000
- International retail revenue growth
- 13.3%
- International foodservice revenue change
- -19.4%
AI analysis
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