Beyond Meat (BYND) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Thu, May 7, 2026 astatine 12:17 PM CDT 28 min read

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Date

Wednesday, May 6, 2026 astatine 5 p.m. ET

Call participants

• Founder, President, and Chief Executive Officer — Ethan Brown

• Chief Financial Officer and Treasurer — Lubi Kutua

• [Host] — Paul Sheppard

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Full Conference Call Transcript

Paul Sheppard: Thank you. Hello, everyone, and convey you for participating successful today's call. Joining maine are Ethan Brown, Founder, President and Chief Executive Officer; and Lubi Kutua, Chief Financial Officer and Treasurer. By now, everyone should person entree to our archetypal 4th 2026 net property merchandise filed contiguous aft marketplace close. This papers is disposable successful the capitalist relations conception of Beyond Meat's website astatine www.beyondmeat.com. Before we begin, delight enactment that during the people of this call, absorption whitethorn marque forward-looking statements wrong the meaning of the national securities laws. These statements are based connected management's existent expectations and beliefs and impact risks and uncertainties that could origin existent results materially from those described successful these forward-looking statements.

Forward-looking statements successful our net release, on with the comments connected this call, are made lone arsenic of contiguous and volition not beryllium updated arsenic existent events unfold. We notation you to today's property release, our quarterly study connected Form 10-Q for the 4th ended March 28, 2026, to beryllium filed with the SEC, our yearly study connected Form 10-K for the fiscal twelvemonth ended December 31, 2025, filed with the SEC, on with different filings with the SEC for a elaborate treatment of the risks that could origin existent results to disagree materially from those expressed oregon implied successful immoderate forward-looking statements made today.

Please enactment that connected today's call, absorption whitethorn notation adjusted EBITDA, adjusted nonaccomplishment from operations, and adjusted nett loss, which are non-GAAP fiscal measures. While we judge these non-GAAP fiscal measures supply utile accusation for investors, immoderate notation to this accusation is not intended to beryllium considered successful isolation oregon arsenic a substitute for the fiscal accusation presented successful accordance with GAAP. Please notation to today's property merchandise for a reconciliation of these non-GAAP fiscal measures to their astir comparable GAAP measures. With that, I'd present similar to crook the telephone implicit to Ethan Brown.

Ethan Brown: Thank you, Paul, and hello, everyone. Given that we person spoken recently, contiguous I volition concisely summarize our show successful the archetypal 4th of 2026 earlier jumping close backmost into a advancement study against the large priorities we are pursuing to presumption our endeavor for sustainable growth. First 4th nett revenues of $58.2 cardinal were successful enactment with our expectations, though down year-over-year, reflecting continued headwinds successful the plant-based nutrient category. Gross borderline was up some sequentially and year-over-year, but importantly beneath what we judge to beryllium an achievable target.