For Beyond Meat, deja vu all over again

After notching year-over-year net revenue growth in the second half of 2024, and "meaningfully" expanding gross margins, Beyond Meat Inc.'s financial results for the first quarter of 2025 had a more familiar ring.

Net revenue for the period was $68.7 million a drop of 9.1% from the same period a year earlier, and net losses were $52.9 million, about flat with a net loss of $54.4 million for the year-earlier period.

Beyond Meat executives noted that Q1 2025 bottom-…