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Mar 29
Beyond Meat Q1 2025 Earnings Report
Reported a decline in net revenues and reduction in operating expenses for the first quarter of 2025, and announced $100 million in new senior secured financing.
Key Takeaways
Beyond Meat experienced a challenging first quarter in 2025 with a 9.1% decrease in net revenues to $68.7 million, primarily due to weak category demand in the U.S. retail and foodservice channels. The company reported a gross loss of $1.1 million and an increased operating loss of $56.2 million, impacted by strategic charges and legal fees. Despite the revenue decline, operating expenses were reduced year-over-year. The company also secured $100 million in new senior secured financing as part of efforts to strengthen its balance sheet.
Net revenues decreased by 9.1% year-over-year to $68.7 million.
Gross profit was a loss of $1.1 million, resulting in a gross margin of -1.5%.
Operating loss increased to $56.2 million from $53.5 million in the prior year.
Secured $100 million in new senior secured financing to address the balance sheet.
Beyond Meat
Beyond Meat
Beyond Meat Revenue by Segment
Beyond Meat Revenue by Geographic Location
Revenue by Segment
U.S. Retail Revenue
CapyFin.comU.S. Foodservice Revenue
CapyFin.comInternational Retail Revenue
CapyFin.comInternational Foodservice Revenue
CapyFin.comRevenue by Geographic Location
U.S. Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
Beyond Meat is withdrawing its full-year 2025 outlook due to elevated uncertainty and expects second quarter 2025 net revenues to be between $80 million and $85 million.
Positive Outlook
- Focusing on cost-savings initiatives to achieve run-rate EBITDA-positive operations by year-end 2026.
- Secured $100 million in new senior secured financing.
- Evaluating potential transactions to address existing convertible notes prior to maturity in 2027.
- No near-term debt maturities.
- Focusing on strengthening the balance sheet for the long-term.
Challenges Ahead
- Withdrawing previous full-year 2025 outlook due to elevated uncertainty.
- Experiencing an elevated level of uncertainty within the operating environment.
- Macroeconomic environment likely exacerbated category challenges.
- Interruption in recovery noted by management.
- Second quarter 2025 net revenue guidance ($80M-$85M) indicates continued revenue challenges.
Revenue & Expenses
Visualization of income flow from segment revenue to net income