Beyond Meat Inc (NASDAQ:BYND) late Monday reported third quarter 2025 earnings that fell short of analyst expectations and issued weaker than expected Q4 sales guidance.
The provider of plant-based meat products recorded an adjusted loss per share in Q3 of $0.47, missing the Wall Street forecast, which was for a deficit of $0.45 per share.
The company’s net revenues for the period fell 13.3% year over year to $70.2 million, driven primarily by a 10.3% decrease in volume of products sold, and a 3.5% decrease in net revenue per pound.
Beyond Meat also said it expects sales of between $60 million and $65 million in the fourth quarter, less than $70.1 million consensus estimate.
“Though category headwinds and an accompanying softer top-line continue to weigh on and reverberate throughout our current performance, including our Q3 results, we are closing out the year with a much improved balance sheet, important transformation spadework underway, and genuine optimism and excitement regarding our future,” CEO Ethan Brown said in a statement.
Beyond Meat shares fell nearly 10% in pre-market trading on Tuesday.