Beyond Meat, Inc.

Beyond Meat, Inc. ( BYND ) Q3 2026 Earnings Call November 4, 2026 5:00 PM EST Company Participants Paul Sheppard - Vice President of Financial Planning & Analysis and Investor Relations Ethan Brown - Founder, President, CEO & Director Lubi Kutua - CFO & Treasurer Conference Call Participants Benjamin Theurer - Barclays Bank PLC, Research Division Presentation Operator Welcome to the Beyond Meat Third Quarter 2026 Earnings Conference Call. [Operator Instructions] Please note that today's event is being recorded.

Beyond Meat continues to face deteriorating fundamentals, with Q3 revenues down 8.1% year-over-year. Q3 gross margins improved to 19.3%, but operating losses and negative free cash flow persist, further weakening BYND's balance sheet. Q4 sales guidance midpoint trailed consensus, and working capital has nearly fallen to multi-year lows, raising bankruptcy and dilution risks.

Beyond Meat continues to face persistent revenue declines, with no clear signs of a sales turnaround after recent debt restructuring. Q4 revenue guidance of $54–59 million is below Q3's $64 million, reinforcing ongoing top-line contraction and uncertainty. Volume declines outpace revenue drops, indicating price increases have partially offset falling demand; international retail is a rare growth area.

Beyond Meat (BYND) came out with a quarterly loss of $2.21 per share versus the Zacks Consensus Estimate of a loss of $2.1. This compares to a loss of $14.11 per share a year ago.