Beyond Meat (BYND) Misses Q4 EPS by 21c

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Go back to Beyond Meat (BYND) Misses Q4 EPS by 21c

Beyond Meat® Reports Fourth Quarter and Full Year 2020 Financial Results

February 25, 2021 4:05 PM EST

Strong Retail Channel Net Revenues up 85% Year-Over-Year, Offset by Continued Impact of COVID-19 on Foodservice Channel Net Revenues, down 54% Year-Over-Year

EL SEGUNDO, Calif., Feb. 25, 2021 (GLOBE NEWSWIRE) -- Beyond Meat, Inc. (NASDAQ: BYND) (Beyond Meat or the Company), a leader in plant-based meat, today reported financial results for its fourth quarter and full year ended December 31, 2020.

Fourth Quarter 2020 Financial Highlights1

Net revenues were $101.9 million, an increase of 3.5% year-over-year.Gross profit was $25.4 million, or gross margin of 24.9% of net revenues; Adjusted... More