Beyond Meat (BYND) Tops Q4 EPS by 13c
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Beyond Meat® Reports Fourth Quarter and Full Year 2022 Financial Results
February 23, 2023 4:06 PM ESTEL SEGUNDO, Calif., Feb. 23, 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 fourth quarter and full year ended December 31, 2022.
Fourth Quarter 2022 Financial Highlights1
Net revenues were $79.9 million, a decrease of 20.6% year-over-year.Gross profit was a loss of $2.9 million, or gross margin of -3.7% of net revenues.Net loss was $66.9 million, or $1.05 per common share. Net loss as a percentage of net revenues was... More