BEYOND MEAT, INC. (BYND): Results of Operations and Financial Condition
BEYOND MEAT, INC. (BYND) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 For immediate release Beyond Meat ® Reports Second Quarter 2026 Financial Results EL SEGUNDO, Calif. — August 5, 2026 (GLOBE NEWSWIRE) —Beyond Meat, Inc. (NASDAQ: BYND), otherwise known as Beyond The Plant Protein Company TM (the “Company” or “Beyond Meat”), today re
How this was made
The 30-second read
Why it matters
Traders can reassess near-term expectations using the disclosed revenue decline, margin compression, operating loss composition, and the offsetting non-cash gain from debt conversions.
Market read
This is a primary earnings disclosure with detailed channel performance and cost/margin drivers, likely driving immediate repricing versus prior expectations.
What to watch
The gross margin includes China operational cessation expenses, and net income is boosted by a large non-cash debt extinguishment gain, so headline profitability may not reflect core operating momentum.
Beyond Meat reported lower year-over-year revenue and gross margin, while a non-cash gain on debt extinguishment produced net income.
Net revenues declined 8.2%, gross margin declined to 8.5%, and Adjusted EBITDA loss widened. Loss from operations narrowed and reported net income was $16.4 million, primarily driven by a $57.7 million non-cash gain on debt extinguishment.
Key metrics
as reported| Metric | Value | q/q | y/y |
|---|---|---|---|
| Net revenuesGAAP | $68.8 million | – | (8.2)% |
| Volume of products soldother | 14,478 (in thousands of pounds) | – | (9.5)% |
| Net revenue per poundother | 1.3% increase | – | 1.3% increase |
| Gross profitGAAP | $5.9 million | – | – |
| Gross marginGAAP | 8.5% | – | – |
| Cost of goods sold per poundother | 3.8% increase | – | 3.8% increase |
| Operating expensesGAAP | $36.7 million | – | – |
| Loss from operationsGAAP | $30.8 million | – | – |
| Operating marginGAAP | -44.8% | – | – |
| Total other income, netGAAP | $47.2 million | – | – |
| Net incomeGAAP | $16.4 million | – | – |
| Net income per share available to common stockholders - basicGAAP | $0.03 | – | – |
| Net loss per share available to common stockholders - dilutedGAAP | $(0.06) | – | – |
| Adjusted EBITDAnon-GAAP | loss of $27.7 million | – | – |
| Adjusted EBITDA as a percentage of net revenuesnon-GAAP | -40.2% of net revenues | – | – |
| Expenses related to cessation of operational activities in ChinaGAAP | $1.6 million | – | – |
| Incremental non-cash share-based compensation expenseGAAP | $4.7 million | – | – |
| Certain non-routine SG&A expensesGAAP | $0.5 million | – | – |
| Amortization of costs related to partial lease terminationGAAP | $0.4 million | – | – |
| Settlement related to contractual dispute with former co-manufacturerGAAP | $(11.0) million | – | – |
| Non-cash gain on debt extinguishmentGAAP | $57.7 million | – | – |
| Increase in interest expenseGAAP | $4.6 million | – | – |
| Non-cash loss from remeasurement of derivative liabilityGAAP | $3.8 million | – | – |
| Six months ended June 27, 2026 net revenuesGAAP | $127,039 (in thousands) | – | (11.6)% |
| Six months ended June 27, 2026 volume of products soldother | 26,309 (in thousands of pounds) | – | (14.3)% |
Segments
| Segment | Revenue | q/q | y/y |
|---|---|---|---|
| U.S. retail channelThe decrease was primarily driven by a 5.7% decrease in volume of products sold and a 4.5% decrease in net revenue per pound, reflecting weak category demand, reduced points of distribution, higher trade discounts and lower price realization on certain products. | $29.6 million | – | (9.9)% |
| U.S. foodservice channelThe decrease was primarily driven by a 27.4% decrease in volume of products sold and a 0.2% decrease in net revenue per pound, reflecting weak category demand and reduced points of distribution. | $8.0 million | – | (27.6)% |
| International retail channelThe increase was primarily driven by an 8.2% increase in volume of products sold and a 7.7% increase in net revenue per pound, supported by higher burger and chicken sales in European markets and the U.K., increased ground beef sales in Canada, price increases and favorable foreign currency exchange rates. | $18.5 million | – | 16.5% |
| International foodservice channelThe decrease was primarily driven by a 20.4% decrease in volume of products sold, partially offset by a 5.5% increase in net revenue per pound. Lower burger and chicken sales to certain QSR customers drove the volume decline. | $12.7 million | – | (16.0)% |
| Six months ended June 27, 2026 U.S. retail channelReported in the net revenues by channel table. | $56,191 (in thousands) | – | (12.6)% |
| Six months ended June 27, 2026 U.S. foodservice channelReported in the net revenues by channel table. | $14,624 (in thousands) | – | (28.6)% |
| Six months ended June 27, 2026 International retail channelReported in the net revenues by channel table. | $32,188 (in thousands) | – | 12.7% |
| Six months ended June 27, 2026 International foodservice channelReported in the net revenues by channel table. | $24,036 (in thousands) | – | (20.9)% |
What drove it
- Consolidated volume of products sold decreased 9.5%, partially offset by a 1.3% increase in net revenue per pound.
- International retail channel net revenues increased 16.5%, supported by volume growth, pricing and favorable foreign currency exchange rates.
- Gross profit was negatively affected by a 3.8% increase in cost of goods sold per pound, partially offset by a 1.3% increase in net revenue per pound.
- Operating expenses declined to $36.7 million and included a credit of $11.0 million from settlement of arbitration proceedings related to a contractual dispute with a former co-manufacturer.
- Net income was primarily driven by a $57.7 million non-cash gain on debt extinguishment in connection with conversions of a portion of the Company’s 2030 Notes.
Concerns
- Net revenues decreased 8.2% year-over-year to $68.8 million.
- U.S. retail channel net revenues decreased 9.9% and U.S. foodservice channel net revenues decreased 27.6%.
- International foodservice channel net revenues decreased 16.0% as sales to certain QSR customers declined.
- Gross margin declined to 8.5% from 10.6%.
- Adjusted EBITDA loss was $27.7 million, compared to an Adjusted EBITDA loss of $24.7 million in the year-ago period.
- The company cited weak category demand and reduced points of distribution in the U.S. foodservice and retail channels.
What to watch
- International retail growth, including sales of burger and chicken products in European markets and the U.K. and ground beef products in Canada.
- U.S. retail demand and points of distribution following the U.S. retail debut of Beyond Steak Filet.
- Sales trends with QSR customers in the international foodservice channel.
- Cost of goods sold per pound, materials costs, manufacturing expenses and expenses related to the cessation of operational activities in China.
- Execution of the repositioning around Beyond The Plant Protein Company and the launch of Beyond Immerse.
Analysis
Beyond Meat reported net revenues of $68.8 million, down 8.2% year-over-year, as product volume declined 9.5%. A 1.3% increase in net revenue per pound only partly offset the volume decline. The company attributed the lower volume to reduced burger and chicken sales to QSR customers in international foodservice, as well as weak category demand and reduced points of distribution in U.S. foodservice and retail.
Channel performance was uneven. International retail was the only growth channel, with net revenues increasing 16.5% to $18.5 million, supported by higher volume, price increases and favorable foreign currency exchange rates. U.S. retail revenue fell 9.9% to $29.6 million, U.S. foodservice fell 27.6% to $8.0 million, and international foodservice fell 16.0% to $12.7 million. The foodservice declines reflected lower sales to QSR customers and weaker category demand.
Profitability remained challenged. Gross profit declined to $5.9 million and gross margin declined to 8.5% from 10.6%, as a 3.8% increase in cost of goods sold per pound exceeded the increase in net revenue per pound. Gross profit and gross margin included $1.6 million in expenses related to the cessation of operational activities in China. Loss from operations improved to $30.8 million from $37.5 million as operating expenses declined to $36.7 million, including an $11.0 million credit related to settlement of arbitration proceedings with a former co-manufacturer.
Reported net income of $16.4 million does not reflect an operating recovery on its own. Total other income, net, increased to $47.2 million primarily because of a $57.7 million non-cash gain on debt extinguishment connected with conversions of a portion of the 2030 Notes. Adjusted EBITDA was a loss of $27.7 million, compared with a loss of $24.7 million in the year-ago period, and represented -40.2% of net revenues.
Management described sequential improvement in net revenues, gross margin and operating expenses, but the filing does not provide the preceding-quarter figures for those measures. No formal forward guidance figures are included in the supplied filing text, although management said revenue exceeded the high end of its guidance. The key reported operating markers are whether international retail growth can offset continued declines in U.S. channels and international foodservice, and whether the company can improve gross margin while managing materials and manufacturing costs.
Management, verbatim
Our second quarter results represent directional progress, with net revenues, gross margin and operating expenses all sequentially improving, and our top line comfortably exceeding the high end of our guidance.
Ethan Brown, President and CEO
We continue to work to stabilize our plant-based meat business, with highlights including growth in international retail and the U.S. retail debut of Beyond Steak Filet, and to build upon this core as we reposition around Beyond The Plant Protein Company TM to pursue faster-growing adjacent categories. The exciting launch of Beyond Immerse represents the first output of this expanded aperture, and we expect more to come as we execute our plan to deliver the superpowers of plants to a broadening group of consumers.
Ethan Brown, President and CEO
Not in the filing
stated, not guessed- Formal forward revenue guidance
- Forward gross-margin guidance
- Forward operating-expense guidance
- Forward tax-rate guidance
- Prior guidance figures
- Prior-quarter figures for reported key metrics
- Cash and cash equivalents
- Debt balance
- Operating cash flow
- Free cash flow
- Capital expenditures
- Share repurchases
- Dividend information
- Income tax expense or benefit
- Effective tax rate
- Weighted-average shares outstanding
- Full condensed consolidated financial statements and non-GAAP reconciliation, which are not included in the supplied filing text
AlphaAI analysis generated from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was cross-checked against the filing text; consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
The SEC 8-K includes Exhibit 99.1 with Beyond Meat’s Q2 2026 financial results and channel-level revenue drivers.
Ticker impact
Beyond Meat reported Q2 2026 results, with net revenues down 8.2% YoY to $68.8M and gross margin falling to 8.5%.
Near-term trading likely hinges on whether investors focus on revenue/gross margin deterioration versus the net-income boost from the debt extinguishment gain.
This is a same-day primary disclosure (SEC 8-K with earnings release) containing multiple decision-relevant datapoints: revenue decline, margin compression, operating loss level, and the specific $57.7M non-cash gain.
Market effects
Plant-based food peers may see read-across on demand softness in U.S. foodservice and retail, alongside some international retail improvement.
U.S. channel weakness versus international retail growth could shift regional sentiment toward where distribution is expanding.
Currency and international mix effects are explicitly cited, which can matter for cross-border comparability for the sector.
Counterpoint
Investors may discount the operating loss trend if they believe the sequential improvements and new product launches (Beyond Steak Filet, Beyond Immerse) can stabilize volumes and margins.
Key entities
- issuerBeyond Meat, Inc.
Reports Q2 2026 financial results in an SEC 8-K, including revenue, margin, operating loss, and debt-related non-cash gain.
- executiveEthan Brown
CEO and President comments on sequential improvements, retail growth, and new product launches.
