Quarterly ResultAug 6, 2026, 05:28 PM
Beyond Meat Q2 Net Income $16.4M Driven by $57.7M Debt Extinguishment Gain
AI Summary
Beyond Meat reported a net income of $16.4 million for the second quarter ended June 27, 2026, a significant improvement from a net loss of $31.8 million in the prior year, primarily due to a $57.7 million gain on debt extinguishment. Despite the net income, net revenues for the quarter decreased to $68.8 million from $75.0 million, and gross profit also declined. The company also converted a portion of its 2030 Notes into common stock, leading to significant share dilution and a positive shift in stockholders' equity.
Key Highlights
- Q2 2026 net income was $16.4 million, compared to a net loss of $31.8 million in Q2 2025.
- Q2 2026 net revenues decreased to $68.8 million from $75.0 million year-over-year.
- Reported a $57.7 million gain on debt extinguishment for the quarter.
- Basic EPS for Q2 2026 was $0.03; diluted EPS was $(0.06).
- Converted $50.4 million of 2030 Notes into common stock during the quarter.
- Total stockholders' equity shifted to a positive $56.8 million from a deficit of $(1.0) million.
- Cash and cash equivalents decreased to $171.4 million from $203.9 million since year-end 2025.
- Inventory decreased to $63.1 million from $84.0 million since year-end 2025.
Price Impact
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