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Beyond Meat posts $16.4 million net income in Q2 2026 as debt gain offsets revenue decline

8/6/2026

(NASDAQ: BYND) swung to a net income of $16.4 million in the second quarter ended June 27, 2026, reversing a net loss of $31.8 million a year earlier.

A $57.7 million non-cash gain on debt extinguishment tied to conversions of the company's 2030 Notes drove the turnaround, the company's 8-K filed August 5 shows. Net revenues fell 8.2% to $68.8 million.

Revenue declines broad but uneven by channel The top-line drop reflected a 9.5% decrease in volume of products sold, partly offset by a 1.3% increase in net revenue per pound.

retail revenues declined 9.9% to $29.6 million. foodservice fell 27.6% to $8.0 million. Both channels reported lower points of distribution and weak category demand, the company said.