Beyond Meat has released its financial results for the second quarter ended 27 June 2026, reporting net revenues of $68.8 million.

The company – also known by the name Beyond The Plant Protein Company, following its diversification into functional beverages earlier this year – saw revenues decrease by 8.2% year-over-year. Despite the continued decrease, the figure represents a less steep decline than the 13.5% fall in revenue reported in Q1.

Beyond said the decrease in net revenues was mainly driven by a 9.5% decrease in volume of products sold, partially offset by a 1.3% in net revenue per pound. The volume decrease was driven primarily by lower sales of burger and chicken-style products to Quick Service Restaurants (QSR) in the international foodservice channel.

The company also cited weak category demand and reduced distribution points in both the foodservice and retail channels in the US.

However, in international retail, net revenues increased 16.5% to $18.5 million in Q2, with an 8.2% increase in volume of products sold. This was mainly driven by higher sales of burger products and chicken products in European markets and the UK, while sales of ground beef-style products increased in Canada.

Loss from operations was $30.8 million, or an operating margin of -44.8%, compared to loss from operations of $37.5 million, or operating margin of -50%, in the year-ago period.

Net income was $16.4 million, compared to net loss of $31.8 million in the year-ago period. The increase in net income was primarily driven by a $57.7 million non-cash gain on debt extinguishment in connection with conversions of a portion of Beyond Meat’s 2030 notes.

Adjusted EBITDA was a loss of $27.7 million, compared to an adjusted EBITDA loss of $24.7 million in the year-ago period.

Ethan Brown, CEO and president of Beyond Meat, said the results show “directional progress,” with improvements in net revenue, gross margin and operating expenses, and the company’s top line “comfortably exceeding” the high end of its guidance.

“We continue to work to stabilise our plant-based meat business, with highlights including growth in international retail and the US retail debut of Beyond Steak Filet, and to build upon this core as we reposition around Beyond The Plant Protein Company to pursue faster-growing adjacent categories,” he commented.

“The exciting launch of Beyond Immerse represents the first output of this expanded aperture, and we expect more to come as we execute our plan to deliver the superpowers of plants to a broadening group of consumers.”

The company’s third quarter outlook remains in the range of $60 million to $65 million, with Beyond highlighting the continued uncertainty and volatility within its operating environment.

Beyond recently appointed Brijesh Krishnaswamy, currently chief commercial officer for North America at Olam Food Ingredients (OFI), as its new chief operating officer.

Krishnaswamy is expected to take up the COO role on a part-time basis from 24 August 2026, before converting to full-time employment from 30 September 2026.