Plant-based brand Beyond Meat has reported a $30.8 million loss from operations in Q2 2026, while net revenues decreased on the year.
Beyond Meat reported revenues of $68.8 million, a decrease of 8.2% year-on-year. The company attributed the decrease in net revenues to a 9.5% decrease in volume of products sold, which it said was driven by lower sales of burger and chicken products to international foodservice customers.
The company’s gross profit was $5.9 million, compared to a gross profit of $7.9 million a year ago. Gross margin was 8.5%, below the gross margin of 10.6% in the year-ago period.
Loss from operations was reported as $30.8 million, or operating margin of -44.8%, compared to a loss from operations of $37.5 million, or operating margin of -50%, in the year-ago period. Net income was $16.4 million, compared to net loss of $(31.8) million in the year-ago period.
International retail channel net revenues increased 16.5% to $18.5 million in the second quarter of 2026, compared to $15.9 million in the year-ago period.
Beyond Meat stated that an increase in international retail channel net revenues was primarily driven by an 8.2% increase in volume of products sold and a 7.7% increase in net revenue per pound, with the increase in sale volumes driven by higher sales of burger products and chicken products in European markets and the UK, as well as increased sales of ground beef products in Canada. International foodservice channel net revenues decreased 16.9% to $12.7 million in Q2 2026, compared to $15.1 million in the year-ago period.
Warning that the company continued to experience an “elevated level of uncertainty and volatility”, Beyond Meat said it expected to achieve Q3 revenues between $60 million to $65 million.
Beyond Meat president and CEO Ethan Brown commented: “Our second quarter results represent directional progress, with net revenues, gross margin and operating expenses all sequentially improving, and our top line comfortably exceeding the high end of our guidance.
“We continue to work to stabilise our plant-based meat business, with highlights including growth in international retail and the US retail debut of Beyond Steak Filet, and to build upon this core as we reposition around Beyond The Plant Protein Company to pursue faster-growing adjacent categories.”
