By Katherine Hamilton

Beyond Meat's loss widened and sales fell in the third quarter as demand from U.S. customers and restaurants fell.

The plant-based protein company on Monday posted a loss of $110.7 million, or $1.44 a share, in the quarter ended in September, compared with a loss of $26.6 million, or 41 cents a share, a year earlier.

Revenue fell 13%, to $70.2 million. The decrease was primarily driven by a 10% decline in volumes of products sold and a 3.5% decline in revenue per pound, Beyond said.

Weaker category demand, reduced points of distribution in the U.S. and lower sales of burger products to quick-serve restaurants internationally all weighed on demand. Higher trade discounts, changes in product sales mix and price decreases for certain products weighed on pricing.

U.S. retail and food-service sales fell more sharply than in international markets, with total U.S. revenue down 21% and international sales down 1%.

Beyond said it had a $77.4 million non-cash impairment charge related to certain long-lived assets. The company had delayed its earnings report this month because it was having difficulty assessing the amount of a large impairment charge, it said.

Beyond expects revenue in the fourth quarter to be $60 million to $65 million. The company in May withdrew its full-year outlook, citing uncertainty, and hasn't reinstated it.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

November 10, 2025 18:19 ET (23:19 GMT)

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