Quarterly ResultAug 5, 2026, 05:18 PM
Beyond Meat Q2 Net Income $16.4M; Revenue $68.8M, down 8.2%
AI Summary
Beyond Meat reported Q2 2026 financial results, with net income reaching $16.4 million, a significant improvement from a net loss of $(31.8) million in the prior year, primarily driven by a $57.7 million non-cash gain on debt extinguishment. Net revenues decreased 8.2% year-over-year to $68.8 million, impacted by lower sales volume in U.S. channels, though international retail saw growth. The company provided Q3 2026 net revenue guidance of $60 million to $65 million.
Key Highlights
- Net income was $16.4 million, compared to a net loss of $(31.8) million in the prior year.
- Net income included a $57.7 million non-cash gain on debt extinguishment.
- Net revenues decreased 8.2% year-over-year to $68.8 million.
- Basic EPS was $0.03, compared to a net loss per share of $(0.42) in the year-ago period.
- International retail net revenues increased 16.5% to $18.5 million.
- Adjusted EBITDA was a loss of $27.7 million, compared to a loss of $24.7 million year-over-year.
- Q3 2026 net revenue is expected to be approximately $60 million to $65 million.
- Cash and cash equivalents were $186.1 million as of June 27, 2026.
Price Impact
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