Beyond Meat misses Q4 revenue estimates on weak plant-based meat demand, restructuring costs

Overview

• Faux meat maker's Q4 revenue fell 20% yr/yr, missing analyst expectations

• Net income turned positive, mainly due to a $549 mln non-cash gain on debt restructuring

• Company cites weak category demand and restructuring charges as drivers of quarterly results

Outlook

• Company expects Q1 2026 net revenues of $57 mln to $59 mln

• Company cites elevated uncertainty in operating environment, limiting further outlook

• Beyond Meat pursuing top-line stabilization and margin expansion in 2026

Result Drivers

• WEAK CATEGORY DEMAND - Co said lower Q4 revenue was mainly due to weak demand for plant-based meat and reduced sales to QSR customers in the U.S. and international markets

• RESTRUCTURING CHARGES - Q4 results were negatively affected by non-cash charges from SKU rationalization, discontinued product lines, asset write-downs, and costs related to ceasing China operations

• HIGHER MATERIALS COSTS - Increased cost of goods sold per pound, mainly from higher materials costs and inventory provisions, further pressured gross margin

Company press release: ID:nGNXBMfBH

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and 4 "sell" or "strong sell"

• The average consensus recommendation for the food processing peer group is "buy."

• Wall Street's median 12-month price target for Beyond Meat Inc is $1.13, about 84.5% above its March 30 closing price of $0.61

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