Beyond Meat (BYND) Misses Q1 EPS by 6c, Offers Guidance

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Go back to Beyond Meat (BYND) Misses Q1 EPS by 6c, Offers Guidance

Beyond Meat® Reports First Quarter 2024 Financial Results

May 8, 2024 4:30 PM EDT

EL SEGUNDO, Calif., May 08, 2024 (GLOBE NEWSWIRE) -- Beyond Meat, Inc. (NASDAQ: BYND) (Beyond Meat or the Company), a leader in plant-based meat, today reported financial results for its first quarter ended March 30, 2024.

First Quarter 2024 Financial Highlights1

Net revenues were $75.6 million, a decrease of 18.0% year-over-year.Gross profit was $3.7 million, or gross margin of 4.9%, compared to gross profit of $6.2 million, or gross margin of 6.7%, in the year-ago period.Loss from operations was $53.5 million, or... More