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Mar 29, 2025
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.
Revenue by Segment
Revenue by Geographic Location
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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