Beyond Meat® Reports Third Quarter 2022 Financial Results
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Beyond Meat (BYND) misses consensus estimates as demand falls further
November 9, 2022 4:19 PM ESTStruggling plant-based meat company Beyond Meat (NASDAQ: BYND) traded lower in the immediate aftermath of its earnings release after the close Wednesday, which came in below analyst consensus estimates.
The company revealed that in the third quarter, it made a loss per share f $1.60, $0.47 worse than the analyst estimate of a loss per share of $1.13. In addition,... More
Beyond Meat (BYND) Misses Q3 EPS by 47c, Guidance Misses
November 9, 2022 4:07 PM ESTBeyond Meat (NASDAQ: BYND) reported Q3 EPS of ($1.60), $0.47 worse than the analyst estimate of ($1.13). Revenue for the quarter came in at $82.5 million versus the consensus estimate of $114.27 million.
GUIDANCE:
Beyond Meat sees FY2022 revenue of $400-425 million, versus the consensus of $453.4 million.
2022 net revenues are expected to be in the range of approximately $400 million to $425 million, representing a decrease of approximately 14% to 9% compared to 2021.On October 14, 2022, the Company... More