Beyond Meat misses Q4 revenue on weak demand
Restructuring gain lifts profit despite sales decline
2 April 2026
1 minute read
By: Beyond Meat reported a decline in fourth-quarter revenue, missing analyst expectations as weak demand for plant-based meat and restructuring costs weighed on results, reported Reuters.
The faux meat maker posted Q4 revenue of $61.60 million, down 20% year over year and below the consensus estimate of $62.57 million. Earnings per share came in at a loss of $0.29. Net income totalled $409.90 million, mainly due to a $549 million non-cash gain related to debt restructuring.
The drop in revenue was driven primarily by weak category demand and reduced sales to quick-service restaurant customers in both the US and international markets.
Results were also negatively affected by non-cash restructuring charges, including SKU rationalisation, discontinued product lines, asset write-downs and costs related to ceasing operations in China. Higher cost of goods sold per pound, driven by increased materials costs and inventory provisions, further pressured margins.
Looking ahead, Beyond Meat expects first-quarter 2026 net revenues of $57 million to $59 million. The company cited elevated uncertainty in the operating environment, limiting further outlook, and said it is pursuing top-line stabilization and margin expansion in 2026.
