El Segundo, Calif. – Beyond Meat, Inc. (NASDAQ: BYND) has reported financial results for its first quarter ended March 29, 2025.
The company also announced a $100 million new senior secured financing.
Key highlights from the announcement include:
- Net revenues were $68.7 million, a decrease of 9.1% year-over-year.
- Gross profit was a loss of $1.1 million, or a gross margin of -1.5%.
- Loss from operations was $56.2 million, or an operating margin of -81.8%.
- Net loss was $52.9 million, or $0.69 per common share.
- Adjusted EBITDA was a loss of $42.3 million, or -61.6% of net revenues.
“As the first quarter of 2025 progressed to a close, we saw a slowdown in consumption as the uncertain macroeconomic environment likely exacerbated category challenges,” said Beyond Meat President and CEO Ethan Brown.
“In response to this interruption in our recovery, we are doubling down on cost-savings initiatives in support of our goal of achieving run-rate EBITDA-positive operations by year-end 2026.”
The Company has secured a $100 million new senior secured financing from Unprocessed Foods, LLC, an affiliate of the Ahimsa Foundation.
The Company is withdrawing its previous outlook for the full year 2025 and limiting its revised outlook to the following:
- In the second quarter of 2025, net revenues are expected to be in the range of $80 million to $85 million.
Beyond Meat, Inc. (NASDAQ: BYND) is a leading plant-based meat company.
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