Beyond Meat® Reports First Quarter 2024 Financial Results
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Beyond Meat (BYND) stock dives on higher quarterly loss and revenue drop
May 9, 2024 5:30 AM EDTBeyond Meat (NASDAQ: BYND) saw its shares tumble more than 13% in premarket trading Thursday after the company reported a wider-than-anticipated quarterly loss and an annual revenue decline.
The producer of plant-based meat substitutes posted a loss per share of $0.72 for the first quarter of 2024, worse than the consensus estimates of a $0.66 loss.
Revenue reached $75.6 million for the quarter, a... More
Beyond Meat (BYND) Misses Q1 EPS by 6c, Offers Guidance
May 8, 2024 4:34 PM EDTBeyond Meat (NASDAQ: BYND) reported Q1 EPS of ($0.72), $0.06 worse than the analyst estimate of ($0.66). Revenue for the quarter came in at $75.6 million versus the consensus estimate of $75.37 million.
GUIDANCE:
Beyond Meat sees FY2024 revenue of $315-345 million, versus the consensus of $329.8 million.
The companys operating environment continues to be affected... More
