Beyond Meat (BYND) Misses Q2 EPS by 29c; Lowers Outlook
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Beyond Meat® Reports Second Quarter 2022 Financial Results
August 4, 2022 4:06 PM EDTEL SEGUNDO, Calif., Aug. 04, 2022 (GLOBE NEWSWIRE) -- Beyond Meat, Inc. (NASDAQ: BYND) (Beyond Meat or the Company), a leader in plant-based meat, today reported financial results for its second quarter ended July 2, 2022.
Second Quarter 2022 Financial Highlights1
Net revenues were $147.0 million, a decrease of 1.6% year-over-year.Gross profit was a loss of $6.2 million, or gross margin of -4.2% of net revenues. Gross profit was negatively impacted by approximately $14.5 million, or -10.0 percentage points of gross margin, associated with sales to the liquidation... More