What Beyond Meat (BYND) said on its Q3 earnings call. November 4, 2026 Key points. * Revenue and volume declined: Q3 revenue fell 8.1% year over year to $64.5 million, while sales volume dropped 10.9%, reflecting weak U.S. demand and lower international food-service sales. Beyond Meat forecast Q4 revenue of $54 million to $59 million. * Margins improved despite falling sales: Gross margin rose to 19.3%, its highest in five years, and adjusted EBITDA loss narrowed to $24.6 million. The company cited manufacturing efficiencies and lower logistics costs, while noting reduced volumes limit overhead savings. * Cash preservation and diversification remain priorities: Beyond Meat had $169.3 million in cash and $313.9 million in debt at quarter-end; a debt exchange reduced obligations but issued shares. CEO Ethan Brown said the company is cutting costs, stabilizing its U.S. business, and expanding into products such as beverages, powders, and bars. * Five stocks to consider instead of Beyond Meat. Beyond Meat NASDAQ: BYND reported a narrower third-quarter loss and its highest gross margin in five years, but revenue continued to fall as weaker U.S. demand and lower international food-service sales outweighed growth in international retail. The plant-based food company reported revenue of $64.5 million for the quarter, down 8.1% from $70.2 million a year earlier and at the high end of its $60 million to $65 million guidance. For the fourth quarter, it forecast revenue of $54 million to $59 million. Founder, President and CEO Ethan Brown said the company is working to reduce operating expenses to match its current revenue. "There is no silver bullet that we are looking for," he said in response to an analyst's question about costs. Margins improve as sales volumes fall. Gross profit rose to $12.4 million from $5.2 million a year earlier, while gross margin increased to 19.3% from 7.4%. CFO and Treasurer Lubi Kutua said the improvement reflected factors including manufacturing efficiencies, lower logistics expenses and a decrease in inventory provisions. The prior-year quarter also included $1.7 million in expenses related to the cessation of operations in China. Cost of goods sold fell 10.1% year over year on a per-pound basis, reaching $3.90 per pound. Brown said the company has consolidated production, brought some previously outsourced volume in-house at its Columbia, Missouri, facility and reduced warehouse expenses. He said lower sales volumes have muted some of the benefits by limiting the absorption of overhead costs. Overall sales volume declined 10.9% in the quarter, partly offset by a 3.2% increase in net revenue per pound. Kutua attributed the volume decline in part to lower burger sales to certain international quick-service restaurant customers, U.S. distribution losses and softness in the U.S. plant-based meat category. U.S. retail revenue fell 13.2% to $24.8 million, while U.S. food-service revenue declined 9.7% to $9.5 million. International retail revenue rose 13.3% to $17.9 million, its third consecutive quarter of growth, helped by higher burger and ground beef sales in Europe. International food-service revenue fell 19.4% to $12.4 million. Restructuring charges and debt exchanges. Beyond Meat posted a net loss of $82.8 million, or $4.32 per share, compared with a loss of $97 million, or $37.96 per share, a year earlier. Per-share figures were adjusted for the company's 1-for-30 reverse stock split in August. Kutua noted that the prior-year calculation used the weighted average share count before a fourth-quarter 2025 exchange offer. Discover more MarketBeat All Access Stock Market News Stock Screener Tool Operating expenses of $105.4 million included a $57.1 million non-cash impairment charge and a $20.8 million non-cash accelerated rent charge associated with a partial lease termination. Those expenses were partly offset by a $21.8 million credit from a reduced litigation-related accrual. Kutua said the expected financial benefits from downsizing the company's headquarters footprint would not be immediate. Adjusted EBITDA was a loss of $24.6 million, compared with a loss of $33.5 million a year earlier. Net cash used in operating activities fell to $37.3 million in the first nine months of 2026 from $101.2 million in the same period a year earlier. Cash and cash equivalents, including restricted cash, totaled $169.3 million at September 26. The carrying value of outstanding debt, net of debt discount, was $313.9 million. In September, the company exchanged $15 million in principal of its 2027 notes for approximately 1.55 million shares, leaving $14.5 million of those notes outstanding. Kutua acknowledged the dilution but said the transaction supported cash preservation and debt reduction. Broader plant-protein push. Brown said Beyond Meat is seeking to stabilize its U.S. business while investing in Europe and Canada and expanding beyond plant-based meat into beverages, powders and bars. The company initially launches new products online before expanding selectively into retail, he said. Among its newer offerings, Beyond Steak Filet is available at retailers including Wegmans, H-E-B, Meijer and Sprouts Farmers Market. Brown said sales of the Beyond Immerse protein beverage grew quarter over quarter, although he cautioned that volumes remain small. In response to a question about a rise in research and development expense, Kutua said roughly half of the $20.8 million accelerated rent charge was allocated to that category. Brown agreed with the analyst's characterization that the expense should return to roughly its prior quarterly run rate, subject to some variation. About Beyond Meat (NASDAQ:BYND). Beyond Meat, Inc develops, manufactures and markets plant-based meat products designed to replicate the taste, texture and nutritional characteristics of animal-based meat. Its product portfolio has included plant-based beef, chicken and sausage alternatives, such as burgers, ground meat, breakfast sausage and breaded chicken products. The company sells its products through grocery and retail outlets, restaurants, foodservice distributors and other commercial channels. Beyond Meat has served customers in the United States and international markets, with products available in various countries across North America, Europe and Asia-Pacific through retail and foodservice partnerships. Founded in 2009 by Ethan Brown, Beyond Meat is headquartered in El Segundo, California. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Beyond Meat, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Beyond Meat wasn't on the list. While Beyond Meat currently has a Strong Sell rating among analysts, top-rated analysts believe these five stocks are better buys. Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries. "Physical AI" is coming. Learn which seven companies are most positioned to benefit as intelligent robots enter the workforce. Continue following MarketBeat

Beyond Meat has launched Beyond Steak Filet at Sprouts Farmers Market stores nationwide. The plant-based whole-cut filet follows recent launches at Erewhon, Wegmans, H-E-B, and Meijer. The product is made with mycelium and avocado oil. Each serving has 28g of plant protein, 3g of fibre, and 1g of saturated fat. It is Clean Label Project Certified and Non-GMO Project Verified. "This special product has the potential to be a gamechanger for center-of-the-plate protein," said Ethan Brown, founder and chief executive officer of Beyond Meat. Sprouts operates more than 500 stores in 25 US states.

Vegan restaurants are still opening, and this celeb-owned café is one to watch. The team behind Plnt Burger is opening a new standalone, whole-foods-focused concept featuring al pastor cauliflower tacos, oyster mushroom chicken sandwiches, chili crisp smashed cucumber salads, and more. October 29, 2026 Back in 2019, Top Chef alum Spike Mendelsohn had an idea: fast food, but made with plants. So, he launched Plnt Burger. Seth Goldman, a former Beyond Meat executive, came on board, and Plnt Burger has been slinging vegan burgers, fries, and nuggets ever since at 13 locations in the Northeastern US. Plnt Burger has hit its stride, operating inside Whole Foods Market stores from Alexandria to Boston. But now Mendelsohn and Goldman are branching out. At the end of 2026, the founders will open Plnt Cafe, a brand-new, standalone counter-service eatery in Washington, DC. The concept is similar to Plnt Burger. Everything is plant-based, of course, but alongside burgers and fries, the menu will emphasize vegetables and whole foods, with dishes such as chili crisp smashed cucumber salads and al pastor cauliflower tacos (first developed for Mendelsohn's digital-only plant-based taqueria concept Knockout T@KOS). Mendelsohn and Goldman are confident they're onto a winner. They've road-tested most of the Plnt Cafe menu items at Plnt Burger locations and received positive feedback. Plnt Burger The new café will also serve the Chik'n Funguy sandwich, a fan favorite that spent five years on the Plnt Burger menu featuringbattered and fried oyster mushrooms, lettuce, pickles, and garden herb mayonnaise. "Our goal has been to make plant-based food something everyone can enjoy, whether you're vegan or simply looking to eat more vegetables," said Chris Treloar, CEO of PLNT Burger, in a statement. The move taps into consumer interest in whole-food options. In 2026, an L.E.K. Consulting survey of 2,000 Americans found that more than 70 percent of respondents prioritized familiar ingredients, while two-thirds sought minimally processed products. "We've built a brand around burgers that people genuinely love, but we've always known there was an opportunity to do so much more." Plnt Cafe isn't giving up on making plants mainstream. It's been a difficult time for vegan restaurants, with closures dominating the headlines. But there has also been a flurry of new openings. The Plnt Cafe announcement follows news of Denver favorite Vegan Van's move to a new brick-and-mortar home, a forthcoming vegan Mexican restaurant in Baltimore, and beloved vegan institution Counter Culture's return to Austin. Rendering by Plnt Cafe Ultimately, Mendelsohn and Goldman hope to keep making plants mainstream by growing Plnt Cafe into a sister chain to their original fast-food concept. "Vegan customers aren't going anywhere," Treloar, who blames the recent run of closures on a "hype curve," told National Restaurant News. "It's not like they stopped eating plant-based. They're just running out of options." For now, the first Plnt Cafe is coming soon to Washington, DC's Mount Vernon Triangle neighborhood.