Beyond Meat Has Dropped 32% This Year. Generational Opportunity or Falling Knife?

Beyond Meat's stock has declined 32% this year and 99.6% over five years as the plant-based meat company struggles with declining sales, consumer pullback due to inflation, and increased competition. Revenue fell from $465 million in 2021 to $275.5 million last year, with Q1 2026 revenue down 15.3% year-over-year. Management plans to expand into broader protein offerings including plant-based drinks, but the analyst recommends avoiding the stock due to the risky strategy being pursued from a position of weakness.