Beyond Meat Q1 Revenues Drop 15.3% as Gross Profit Reaches $2M
BYND•Beyond Meat’s Q1 net revenues fell 15.3% year-over-year to $58.2 million, with a gross profit of $2.0 million reversing a prior gross loss. The company narrowed net loss to $28.5 million and reduced Adjusted EBITDA loss to $27.8 million, driven by lower operating expenses and China shutdown costs.
1. Overall Q1 Financial Results
Beyond Meat reported net revenues of $58.2 million for the quarter ended March 28, 2026, down 15.3% from Q1 2025. Gross profit improved to $2.0 million (3.4% margin) versus a $6.9 million loss, while net loss narrowed to $28.5 million and Adjusted EBITDA loss improved to $27.8 million.
2. Channel Revenue Breakdown
U.S. retail revenue fell 15.3% to $26.6 million and U.S. foodservice dropped 29.7% to $6.6 million due to weak demand and reduced distribution. International retail rose 8.1% to $13.7 million, offset by a 25.9% decline in international foodservice to $11.3 million.
3. Operating Expenses and Charges
Loss from operations was $41.1 million (-70.6% margin) including $3.7 million of incremental share-based compensation, $0.8 million in non-routine SG&A, $0.4 million for lease termination and $0.2 million in arbitration fees. China operational cessation expenses totaled $0.5 million this quarter.
4. CEO Commentary and Outlook
Management highlighted lowest quarterly cash use in over two years and substantial operating expense improvements. The company plans to expand into the functional food and beverage category while focusing on core protein performance to drive long-term value.
