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Related Party Transactions
9 Months Ended
Sep. 28, 2024
Related Party Transactions [Abstract]  
Related Party Transactions Related Party Transactions
In connection with the Company’s investment in TPP, a joint venture with PepsiCo, the Company sold certain products directly to the joint venture. In the year ended December 31, 2022, the Company also entered into an agreement for a non-refundable up-front fee associated with its manufacturing and supply agreement with TPP to be recognized over the estimated term of the manufacturing and supply agreement. As part of the restructuring of certain contracts and operating activities related to Beyond Meat Jerky, in the first quarter of 2023, the Company recognized in full the remaining balance of this fee. In 2023, as part of its Global Operations Review, the Company made the decision to discontinue the Beyond Meat Jerky product line.
Net revenues earned from TPP included in U.S. retail channel net revenues were $0 in the three months ended September 28, 2024 and September 30, 2023. Net revenues earned from TPP included in U.S. retail channel net revenues were $0 and $5.3 million, including the recognition of a $2.0 million non-refundable up-front fee, in the nine months ended September 28, 2024 and September 30, 2023, respectively.