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Beyond Meat Sales Decline, Eyes International Growth
6 Aug
Summary
- Second-quarter revenue exceeded guidance despite an overall decline.
- International retail revenue saw a significant increase.
- U.S. food-service channels continue to be a major pressure point.
Beyond Meat reported second-quarter 2026 net revenue of $68.8 million, exceeding its guidance range. This figure represents an 8.2% decrease from the previous year, an improvement from earlier quarters' declines. The company's turnaround strategy centers on expanding in Europe and Canada, diversifying into adjacent nutrition categories, and enhancing operational efficiency.
Channel performance showed mixed results. U.S. retail revenue fell 9.9%, and U.S. food-service revenue dropped 27.6%. Conversely, international retail revenue surged 16.5%, driven by increased sales in Europe and Canada. International food-service revenue, however, declined 16%.
CEO Ethan Brown highlighted Europe and Canada as key near-term growth opportunities, attributing stronger European performance partly to climate change concerns and less industry misinformation compared to the U.S. The company acknowledges ongoing challenges in U.S. food-service channels but notes resilience in some U.S. product lines.
