Beyond Meat Sales Plunge as Firm is Over $1 Billion in Debt

In a development that will likely come as a surprise to no one who is a regular reader of Legal Insurrection, it appears there has been a precipitous drop in the sales of products from the “meat alternative” company, Beyond Meat.

Once the darling of the plant-based food space, Beyond Meat has suffered a precipitous decline in sales as consumer consumption plunges. Economic uncertainty and concerns over the processed nature of the offerings has pushed shoppers toward cheaper animal options.

Beyond Meat had cash and cash equivalents of $103 million as of June 28, compared to $132 million at the end of 2024, the company said in its most recent earnings release. In May, the company raised $100 million from a plant-based nonprofit, providing the alternative meat company with much-needed cash.

Creditsafe estimated that Beyond Meat had $1.2 billion in debt. Around half of its outstanding bills were between 1 and 30 days past due in July, compared to roughly a third in September of 2024...