Beyond Meat posts $64.5 million in third-quarter revenue

Beyond Meat (NASDAQ:BYND) reported third-quarter 2026 revenue of $64.5 million, down 8.1% year over year, as declining product sales volumes outweighed higher revenue per pound.

Product sales volume declined 10.9%, while revenue per pound increased 3.2%, and gross profit rose to $12.4 million from $5.2 million, lifting gross margin to 19.3% from 7.4%.

Net loss narrowed to $82.8 million from $97 million in the prior-year quarter, while operating loss decreased to $93 million from $98.1 million, despite additional impairment and accelerated rent charges.

The company recorded $57.1 million in long-lived asset impairment charges and $20.8 million in accelerated rent expense, while international retail revenue increased 13.3% and its other three sales channels declined.

Beyond Meat used $37.3 million in operating cash during the first nine months of 2026, compared with $101.2 million a year earlier, and reported $169.3 million in cash, including restricted cash, against a debt carrying value of $313.9 million.

It also exchanged $15 million in convertible notes for approximately 1.55 million common shares.

Beyond Meat develops and sells plant-based meat alternatives, including burgers, sausages and ground products, through retail and foodservice distribution channels in the United States and international markets.

Its current business strategy includes improving manufacturing costs, rebuilding retail sales and expanding international distribution, with international retail revenue increasing 13.3% during the third quarter.