Beyond Meat (NASDAQ:BYND) Releases Earnings Results, Misses Expectations By $0.24 EPS

Beyond Meat (NASDAQ:BYND) issued its quarterly earnings results on Wednesday. The company reported ($2.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.97) by ($0.24), FiscalAI reports. Beyond Meat had a negative return on equity of 100.55% and a net margin of 75.40%. The business had revenue of $64.53 million during the quarter, compared to the consensus estimate of $62.00 million.

Here are the key takeaways from Beyond Meat’s conference call:

• Revenue fell 8.1% year over year to $64.5 million, with weakness in U.S. retail and food service and international food service. Q4 revenue guidance of $54 million–$59 million implies a further sequential decline.
• Gross margin rose to 19.3% from 7.4% a year ago, its highest level in five years, while COGS per pound fell 10.1% to a five-year low of $3.90. Management said efficiency gains are progress toward its longer-term goal of margins above 30%.
• The adjusted EBITDA loss narrowed to $24.6 million from $33.5 million, and operating cash use for the first nine months fell to $37.3 million from $101.2 million a year earlier. The company also exchanged $15 million of 2027 notes for shares, reducing debt but diluting shareholders.
• Results included a $57.1 million non-cash asset impairment and a $20.8 million accelerated-rent charge tied to a partial lease termination. Management expects restructuring and footprint reductions to support future savings, but said operating expenses still need to come down substantially.
• International retail revenue grew 13.3% for a third consecutive quarter, led by Europe. Beyond also cited early traction for Beyond Steak Filet and growth in its Immerse beverage line, though it said the adjacent-category numbers remain small.

Beyond Meat Stock Down 14.1%

Shares of NASDAQ BYND traded down $1.01 during trading on Thursday, reaching $6.14. The company had a trading volume of 690,957 shares, compared to its average volume of 1,459,075. Beyond Meat has a 12-month low of $6.11 and a 12-month high of $46.80. The company has a quick ratio of 2.07, a current ratio of 2.63 and a debt-to-equity ratio of 6.57. The business’s 50-day moving average is $9.16 and its 200 day moving average is $18.39. The stock has a market cap of $105.55 million, a PE ratio of -0.11 and a beta of 2.93.

Analysts Set New Price Targets

Several equities research analysts recently commented on BYND shares. Wall Street Zen raised shares of Beyond Meat from a “strong sell” rating to a “sell” rating in a research note on Sunday, September 13th. Barclays reaffirmed an “underweight” rating and set a $10.00 target price (up from $0.50) on shares of Beyond Meat in a research note on Monday, August 17th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Beyond Meat in a report on Friday, October 2nd. Two analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Strong Sell” and an average target price of $23.33.

More Beyond Meat News

Here are the key news stories impacting Beyond Meat this week:

• Positive Sentiment: Gross margin rose to 19.3%, the company’s highest in five years, from 7.4% a year earlier, while cash burn fell sharply. These improvements suggest progress on costs and operations. Article: Beyond Meat Q3 2026 Earnings Call Highlights
• Positive Sentiment: Quarterly revenue of $64.5 million topped analysts’ estimates of about $62 million. The reported loss of $2.21 per share was also substantially smaller than the $14.11 loss per share a year earlier. Article: Beyond Meat Q3 Loss Narrows; Revenue Declines 8%
• Negative Sentiment: Revenue fell 8.1% year over year, indicating continuing demand and sales weakness. The $2.21 per-share loss also missed analyst expectations, despite the revenue beat. Article: Beyond Meat Reports Q3 Loss, Beats Revenue Estimates
• Negative Sentiment: Fourth-quarter revenue guidance of $56.5 million came in below analysts’ estimates, raising concern that sales softness will persist and limit the benefit of margin improvements. Article: Beyond Meat surprises with Q3 2026 sales

About Beyond Meat

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.