Beyond Meat, Inc. Q2 2026 Earnings Recap

Beyond Meat’s shares plunged 16.8% after the company revealed continued revenue decline and persistent margin weakness weighed on investor sentiment, despite some sequential improvement and cost reductions.

Key Takeaways

• Net revenues declined 8.2% year-over-year to $68.8 million, though slightly above management’s guidance range.
• Gross margin improved modestly to 8.5%, still low and burdened by accelerated depreciation from China operations, which suppressed margin by over two points.
• Operating expenses fell 15% sequentially and 19% year-over-year, contributing to a modest EBITDA loss improvement to negative $27.7 million.
• Cash usage (excluding financing) dropped 44% year-over-year to approximately $18 million.
• Regional weakness persisted in U.S. retail and foodservice despite double-digit retail growth in Europe and Canada; ongoing misinformation campaigns continue to pressure U.S. sales.