Quarterly ResultMay 6, 2026, 04:24 PM
Beyond Meat Q1 Revenue $58.2M, Net Loss $28.5M
AI Summary
Beyond Meat reported first-quarter 2026 financial results with net revenues decreasing 15.3% year-over-year to $58.2 million. Despite the revenue decline, the company significantly improved its gross profit to $2.0 million from a $6.9 million loss in the prior year, and reduced its net loss to $28.5 million from $61.1 million. CEO Ethan Brown highlighted a strategic shift into the functional food and beverage category, alongside significant operating expense improvement and the lowest quarterly cash use in over two years. The company projects Q2 2026 net revenues between $60 million and $65 million.
Key Highlights
- Net revenues decreased 15.3% year-over-year to $58.2 million.
- Gross profit was $2.0 million (3.4% margin), up from a $6.9 million gross loss (-10.1% margin) year-ago.
- Net loss significantly narrowed to $28.5 million from $61.1 million in the prior year.
- Net loss per common share improved to $0.06 from $0.80 year-over-year.
- Adjusted EBITDA loss improved to $27.8 million from $50.5 million year-ago.
- Net cash used in operating activities decreased to $5.0 million from $26.1 million year-ago.
- International retail net revenues increased 8.1% to $13.7 million.
- Q2 2026 net revenue outlook is approximately $60 million to $65 million.
Price Impact
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