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BEYOND MEAT® Beyond Meat® Reports Third Quarter 2021 Financial Results November 10 , 2021 Third Quarter 2021 Net Revenues Increased 13 % Year - Over - Year to $ 106.4 Million International Net Revenues Increased 143 % Year - Over - Year , Partially Offset by Decreased U.S. Net Revenues EL SEGUNDO , Calif . , Nov. 10 , 2021 ( GLOBE NEWSWIRE ) -- Beyond Meat , Inc. ( NASDAQ : BYND ) ( " Beyond Meat " or " the Company " ) , a leader in plant - based meat , today reported financial results for its third quarter ended October 2 , 2021 . Third Quarter 2021 Financial Highlights¹ • Net revenues were $ 106.4 million , an increase of 12.7 % year - over - year . • Gross profit was $ 23.0 million , or gross margin of 21.6 % of net revenues . • Net loss was $ 54.8 million , or $ 0.87 per common share . Net loss as a percentage of net revenues was -51.5 % . • Adjusted EBITDA was a loss of $ 36.8 million , or -34.5 % of net revenues . Beyond Meat President and CEO Ethan Brown commented , " Our third quarter results reflect variability as we saw a decline from record net revenues just a quarter ago . Despite current disruptions , we remain focused on rapidly advancing key building blocks of long - term growth . Whether scaling products and infrastructure for our strategic quick serve restaurant partners , bringing new product to retail markets , or investing in innovation , commercialization , and production capabilities here in the U.S. , EU , and China , we believe we are steadily executing against our vision of being tomorrow's global protein company . " Brown added , " Near - term market and operating conditions notwithstanding , we remain committed to our long - term strategy . As we continue to advance the field of plant - based meat through innovation and bold investment in domestic and global operations , the consumer is only being made more aware of the relevance and urgency of our mission . And although we see continued uncertainty for the balance of this year , we look to 2022 with enthusiasm as we expect to bring to life , together with our strategic partners , product and production capacity that we've been steadfastly investing in throughout the pandemic . " 1 This release includes references to non - GAAP financial measures . Refer to " Non - GAAP Financial Measures " later in this release for the definitions of the non - GAAP financial measures presented and a reconciliation of these measures to their closest comparable GAAP measures . Third Quarter 2021 Net revenues increased 12.7 % to $ 106.4 million in the third quarter of 2021 , compared to $ 94.4 million in the year - ago period . Growth in net revenues was primarily due to increased sales to international customers , which increased 142.5 % compared to the year - ago period , mainly reflecting expansion of overall distribution , accelerated orders and , to a lesser extent , new product introductions . The increase in international net revenues was partially offset by decreased U.S. net revenues , which declined 13.9 % compared to the year - ago period , primarily as a result of lower overall demand , and operational challenges with severe weather as a key driver , partially offset by sales from new product introductions . In aggregate , net revenue per pound of $ 5.34 during the third quarter of 2021 was roughly equivalent to the year - ago period . Net revenues by channel ( unaudited ) : ( in thousands ) U.S .: Retail Foodservice U.S. net revenues International : Retail Foodservice International net revenues Net revenues $ $ Three Months Ended September 26 , 2020 October 2 , 2021 52,361 15,139 67,500 21,391 17,541 38,932 106,432 $ $ 62,057 16,325 78,382 7,975 8,079 16,054 94,436 $ $ Amount Change ( 9,696 ) ( 1,186 ) ( 10,882 ) 13,416 9,462 22,878 11,996 % ( 15.6 ) % ( 7.3 ) % ( 13.9 ) % 168.2 % 117.1 % 142.5 % 12.7 %