Earnings ·
Beyond Meat reported second quarter 2026 financial results for the period ended June 27, 2026
BYNDBeyond Meat, Inc.
Beyond Meat reported second quarter 2026 financial results for the period ended June 27, 2026. Net revenues decreased 8.2% year-over-year to $68.8 million, driven by a 9.5% decline in product volume sold. The company recorded a net income of $16.4 million, or $0.03 per basic share, compared to a net loss of $(31.8) million in the prior year period. This turnaround was primarily attributable to a $57.7 million non-cash gain on debt extinguishment related to conversions of its 2030 Notes and an $11.0 million credit from settling a contractual dispute with a former co-manufacturer. Adjusted EBITDA widened to a loss of $27.7 million, or -40.2% of net revenues. Beyond Meat operates in the plant-based food industry, manufacturing and selling meat alternatives made from simple ingredients.