Beyond Meat (BYND) Tops Q2 EPS by 1c, Guidance Misses Consensus
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Beyond Meat® Reports Second Quarter 2023 Financial Results
August 7, 2023 4:06 PM EDTEL SEGUNDO, Calif., Aug. 07, 2023 (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 1, 2023.
Second Quarter 2023 Financial Highlights1
Net revenues were $102.1 million, a decrease of 30.5% year-over-year.Gross profit was $2.3 million, or gross margin of 2.2% of net revenues, compared to a loss of $6.2 million, or gross margin of -4.2% of net revenues, in the year-ago period.... More