Beyond Meat(US:BYND) Benzinga·2025-11-10 22:39Core Insights - Beyond Meat reported third-quarter net revenue of $70.2 million, a decrease of 13.3% year-over-year, but exceeded the Street consensus estimate of $68.96 million [1][2] - The revenue decline was attributed to a 10.3% decrease in product volume sold and a 3.5% decrease in net revenue per pound, driven by weak category demand [2] - The company reported a loss of 47 cents per share, missing the Street consensus estimate of a loss of 31 cents per share [2] Revenue Breakdown - Revenue from US retail was $28.5 million, down 18.4% year-over-year [7] - Revenue from US foodservice was $10.5 million, down 27.3% year-over-year [7] - International retail revenue was $15.8 million, down 4.6% year-over-year, while international foodservice revenue was $15.3 million, up 2.3% year-over-year [7] Future Guidance and Strategic Initiatives - The company is guiding for fourth-quarter net revenue in the range of $60 million to $65 million, below the Street consensus estimate of $70.0 million [5] - Beyond Meat is focusing on cost reductions, expanding gross margin through investments, and pursuing strategic growth initiatives to achieve sustainable operations [5][4] - Recent financing transactions included the exchange of 2027 convertible notes and an at-the-market offering, aimed at reducing overall leverage and extending debt maturity [3][4]