BYND

EX-99.1

2 ex991pressrelease-q32026ea.htm

EX-99.1

Document

Exhibit 99.1

For immediate release

Beyond Meat® Reports Third Quarter 2026 Financial Results

EL SEGUNDO, Calif. — November 4, 2026 (GLOBE NEWSWIRE)—Beyond Meat, Inc. (NASDAQ: BYND), otherwise known as Beyond The Plant Protein CompanyTM (the “Company” or “Beyond Meat”), today reported financial results for its third quarter ended September 26, 2026.

Third Quarter 2026 Financial Highlights1, 2

•Total net revenues were $64.5 million, a decrease of 8.1% year-over-year.

•Gross profit was $12.4 million, or gross margin of 19.3%, compared to gross profit of $5.2 million, or gross margin of 7.4%, in the year-ago period.

◦In the year-ago period, gross profit and gross margin included $1.7 million in expenses related to the cessation of the Company’s operational activities in China.

•Loss from operations was $93.0 million, or operating margin of (144.1)%, compared to loss from operations of $98.1 million, or operating margin of (139.7)%, in the year-ago period.

◦Loss from operations included $57.1 million in non-cash impairment charges related to certain of the Company’s long-lived assets, compared to $51.3 million in the year-ago period.

◦Loss from operations also included an additional $20.8 million in non-cash charges related to certain activities associated with the Company’s campus headquarters building in El Segundo, California (the “Campus Headquarters”).

◦Loss from operations also included the following non-cash amounts recorded in operating expenses: $5.5 million in incremental share-based compensation expense related to the Company’s exchange offer for its 0% Convertible Senior Notes due 2027 (the “2027 Notes”) completed in October 2025 (the “Exchange Offer”); $0.4 million in amortization of costs related to the partial lease termination of a portion of the Campus

1 This release includes references to non-GAAP financial measures. Refer to “Non-GAAP Financial Measures” later in this release for the definitions of the non-GAAP financial measures presented and a reconciliation of these measures to their closest comparable GAAP measures.

2 Except as otherwise indicated, all information presented in this press release has been retroactively adjusted to give effect to a 1-for-30 reverse stock split and authorized share reduction that was effective on August 13, 2026.

Headquarters in 2025; $0.3 million in certain non-routine SG&A expenses; and a credit of $(21.8) million reflecting a reduction in a litigation-related accrual.

•Net loss was $82.8 million, compared to net loss of $97.0 million in the year-ago period. Net loss per share available to common stockholders - basic and diluted was $(4.32), compared to net loss per share available to common stockholders - basic and diluted of $(37.96) in the year-ago period. Net loss per share reflects 19,152,391 weighted average common shares outstanding, compared to 2,555,696 weighted average common shares outstanding in the year-ago period prior to completion of the Exchange Offer in the fourth quarter of 2025.

•Adjusted EBITDA was a loss of $24.6 million, or (38.1)% of total net revenues, compared to an Adjusted EBITDA loss of $33.5 million, or (47.7)% of total net revenues, in the year-ago period.

Beyond Meat President and CEO Ethan Brown commented, “Our third quarter results represent measurable progress. Total net revenues came in at the high end of our guidance range, gross margin was our highest in five years, Adjusted EBITDA loss narrowed and we used less cash year-over year.”

Brown continued, “Our international retail channel registered a third consecutive quarter of growth, led by strong performance in Europe. More broadly, we believe we are taking the right steps as we pursue stabilization of U.S. revenues while aggressively driving enterprise-wide cost reduction, including through actions taken in the quarter to substantially reduce certain long-term lease obligations.”

Third Quarter 2026

Total net revenues decreased 8.1% to $64.5 million in the third quarter of 2026, compared to $70.2 million in the year-ago period. The decrease in total net revenues was primarily driven by a 10.9% decrease in volume of products sold, partially offset by a 3.2% increase in total net revenue per pound. The decrease in volume of products sold was primarily driven by lower sales of burger products to Quick Service Restaurant (“QSR”) customers in the international foodservice channel, and by reduced points of distribution and weak category demand in the U.S. foodservice and retail channels. The increase in total net revenue per pound was primarily driven by higher price realization on certain of the Company’s products, lower trade discounts and changes in product sales mix, partially offset by unfavorable changes in foreign currency exchange rates.

U.S. retail channel net revenues decreased 13.2% to $24.8 million in the third quarter of 2026, compared to $28.5 million in the year-ago period. The dec

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