Summary:
- Beyond Meat is facing challenges as it struggles with declining sales, leading to delays in bill payments.
- Data from Creditsafe shows that Beyond Meat’s days beyond terms (DBT) have more than doubled in the past year, reaching 19 days in July compared to the industry average of 12 days.
- Despite reports of financial difficulties, Beyond Meat denies plans to file for bankruptcy.
Insight:
Once a popular choice in the plant-based food market, Beyond Meat has seen a drop in sales as consumers turn towards cheaper animal-based options due to economic uncertainty and concerns about processed foods.
As of June 28, Beyond Meat had $103 million in cash and cash equivalents, down from $132 million at the end of 2024. The company raised $100 million in May from a plant-based nonprofit to bolster its finances.
Creditsafe estimates Beyond Meat’s debt at $1.2 billion, with a significant portion of bills past due. The increasing delay in payments indicates potential liquidity issues.
In the second quarter of 2025, Beyond Meat reported a 19.6% decline in revenue to $75 million, with a net loss of $29.2 million. CEO Ethan Brown expressed disappointment and announced restructuring efforts, including workforce cuts.
While Beyond Meat did not directly address the Creditsafe data, it highlighted the disclaimer in the report regarding information accuracy.