Beyond Meat (BYND) Misses Q3 EPS by 33c, Revenue Misses

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Go back to Beyond Meat (BYND) Misses Q3 EPS by 33c, Revenue Misses

Beyond Meat® Reports Third Quarter 2020 Financial Results

November 9, 2020 4:26 PM EST

Retail Channel Net Revenues up 39% Year-Over-Year, Offset by Ongoing Impact of COVID-19 on Foodservice Net Revenues, down 41% Year-Over-Year

EL SEGUNDO, Calif., Nov. 09, 2020 (GLOBE NEWSWIRE) -- Beyond Meat, Inc. (NASDAQ: BYND) (Beyond Meat or the Company), a leader in plant-based meat, today reported financial results for its third quarter ended September 26, 2020.

Third Quarter 2020 Financial Highlights1

Net revenues were $94.4 million, an increase of 2.7% year-over-year.
 Gross profit was $25.5 million, or gross margin of 27.0% of net revenues; Adjusted gross profit was $27.3... More