Beyond Meat Posts Q1 Revenue Drop but Narrows Losses as Gross Margin Turns Positive

Beyond Meat reported a 15.3% decline in net revenues to $58.2 million for the first quarter of 2026, attributed to weak category demand and distribution losses in the US market. Despite the revenue decrease, the company saw a positive trend in gross margin, recording a gross profit of $2.0 million and a margin of 3.4%, a significant improvement from the previous year's performance.

US sales experienced the most significant decline, dropping 18.6% to $33.2 million in Q1. However, international retail sales outside the US rose 8.1%, offsetting some of the losses. Operating expenses fell, leading to narrower losses for the company, with net loss decreasing to $28.5 million from $61.1 million the previous year. Beyond Meat is expanding into the functional food and beverage category while remaining focused on its core business, with expectations of net revenues of $60 million to $65 million for Q2 2026.