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 (BYND) stock dives on higher quarterly loss and revenue drop

May 9, 2024 5:30 AM EDT

Beyond 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