GET DAILY SIGNALSBeyond Meat (BYND) Reports -8.1% Revenue Drop in Q3 Earnings
Key Takeaways
- Total net revenue fell 8.1% year over year to $64.5 million, slightly ahead of Wall Street consensus of roughly $64 million.
- Adjusted net loss came in at $2.21 per share, missing the consensus estimate of about $2.00 per share.
- Gross margin improved sharply to 19.3% from 7.4% a year earlier, supported by lower cost of goods sold per pound.
- Volume of products sold declined 10.9%, pressured by weak U.S. demand and lower quick-service restaurant (QSR) orders internationally.
- Fourth-quarter revenue guidance of $56.5 million at the midpoint landed below analysts' consensus of approximately $58 million.
- For more details on the company's Major News, Today's Price Move, Price Targets, and Forecast, explore our additional pages.
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Why These Results Matter
Beyond Meat's third-quarter results carry weight beyond a single reporting period. The plant-based protein pioneer has spent the past several quarters working to stabilize revenue, cut costs, and narrow losses following a steep multi-year sales decline. Investors are watching closely whether the company can convert improved unit economics into a sustainable path toward profitability, even as consumer demand for meat alternatives remains uneven. This quarter offered a mixed picture: meaningful progress on gross margin and cost control, but continued volume erosion in key channels. With a debt-for-equity exchange having reshaped the balance sheet and new product categories entering the mix, these results serve as an important checkpoint on management's turnaround strategy. I also checked this using Tickeron's AI Screener to see how the stock compares to others in the industry.
Breaking Down the Numbers
Beyond Meat reported total net revenue of $64.5 million for the third quarter ended September 26, 2026, a decline of 8.1% from $70.2 million in the prior-year period. The result narrowly exceeded consensus estimates near $64 million. Volume of products sold fell 10.9%, partially offset by a 3.2% increase in net revenue per pound.
Gross profit rose to $12.4 million, lifting gross margin to 19.3% from 7.4% a year ago, driven primarily by a 10.1% decline in cost of goods sold per pound. On a GAAP basis, net loss per share was $4.32, reflecting substantial non-cash charges including a $57.1 million long-lived asset impairment and $20.8 million in accelerated rent expense. On an adjusted, non-GAAP basis, the company posted a loss of $2.21 per share, below the consensus estimate of approximately $2.00. Adjusted EBITDA was about negative $24.6 million.
Channel performance diverged: international retail revenue grew 13.3% to $17.9 million, marking a third consecutive quarter of growth, while U.S. retail revenue fell 13.2% to $24.8 million and international foodservice declined 19.4% to $12.4 million.
Market Reaction and Investor Sentiment
Beyond Meat shares edged lower by roughly 1% to around $7.09 immediately following the release, reflecting a mixed market interpretation. The modest revenue beat and improved gross margin were offset by the adjusted loss per share that came in below expectations and fourth-quarter revenue guidance that trailed consensus. The stock's reaction signals that investors remain cautious about the company's ability to reverse persistent volume declines in the United States, even as cost discipline and European retail growth provide some encouraging signals. Broader sentiment toward the plant-based meat category has remained subdued, and the market continues to weigh near-term demand weakness against the longer-term potential of the company's expanded plant-protein portfolio.
Forward Outlook and Key Factors to Monitor
Management guided fourth-quarter revenue to approximately $56.5 million at the midpoint, below consensus estimates of about $58 million, suggesting the top-line contraction may continue into year-end. Investors should monitor whether the company can sustain its recent gross margin gains while stabilizing U.S. retail and foodservice volumes.
Several catalysts deserve attention. The company's repositioning as "the Plant Protein Company" includes new adjacent categories such as beverage powders and bars, along with products like the Beyond Immerse beverage line. While still small in scale, growth in these newer offerings could help diversify revenue beyond traditional meat alternatives. International retail, particularly in Europe, remains a bright spot and a key growth engine worth tracking.
Cost trends will also be central to the story. Lower cost of goods sold per pound, contract renegotiations, and production consolidation have improved unit economics, but non-cash charges and lease-related expenses continue to weigh on reported results. Watch for updates on operating cash burn, liquidity, and any further restructuring actions, as these will shape the company's runway and its path toward sustainable profitability.
Using AI Tools in My Research Process
I often turn to Tickeron's AI Screener when evaluating companies like this one. It lets me quickly filter for patterns, fundamentals, and performance metrics across the sector, helping me spot how Beyond Meat stacks up against peers without spending hours on manual comparisons. This kind of tool has become a regular part of how I cross-check earnings data and identify potential trade ideas.
Disclaimer
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Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
BYND in upward trend: price may jump up because it broke its lower Bollinger Band on October 14, 2026
BYND may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 31 of 36 cases where BYND's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 86%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 58 of 74 cases where BYND's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 78%.
The Momentum Indicator moved above the 0 level on October 28, 2026. You may want to consider a long position or call options on BYND as a result. In 71 of 93 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 76%.
Following a +5.21% 3-day Advance, the price is estimated to grow further. Considering data from situations where BYND advanced for three days, in 189 of 234 cases, the price rose further within the following month. The odds of a continued upward trend are 81%.
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BYND declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 90%.
The Aroon Indicator for BYND entered a downward trend on October 29, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of 41 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.166) is normal, around the industry mean (5.975). P/E Ratio (0.102) is within average values for comparable stocks, (7.223). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (8.458). Dividend Yield (0.000) settles around the average of (0.048) among similar stocks. P/S Ratio (0.537) is also within normal values, averaging (5.003).
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is 90 (best 1 - 100 worst), indicating slightly worse than average price growth. BYND’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 93 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is 100 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. BYND’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 92, placing this stock worse than average.
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General Information
a company, which offers plant-based meat products
Industry FoodMajorDiversified
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