Beyond Meat (BYND) Misses Q4 EPS by 2c, Revenue Beats, Offers Guidance
Beyond Meat (NASDAQ: BYND) reported Q4 EPS of ($0.01), $0.02 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $98.5 million versus the consensus estimate of $79.5 million.
GUIDANCE:
Beyond Meat sees FY2020 revenue of $490-510 million, versus the consensus of $495.15 million.
- Gross margin in the range of 33% to 35%; and
- Adjusted EBITDA as a % of net revenues approximately equivalent to 2019 levels, as the Company anticipates accelerated investments in marketing, R&D and international expansion initiatives in 2020.
For earnings history and earnings-related data on Beyond Meat (BYND) click here.
