Beyond Meat (BYND) Tops Q1 EPS by 10c
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Beyond Meat(R) Reports First Quarter 2023 Financial Results
May 10, 2023 4:05 PM EDTEL SEGUNDO, Calif., May 10, 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 first quarter ended April 1, 2023.
First Quarter 2023 Financial Highlights1
Net revenues were $92.2 million, a decrease of 15.7% year-over-year.Gross profit was $6.2 million, or gross margin of 6.7% of net revenues, compared to gross profit of $0.2 million, or gross margin of 0.2% of net revenues, in the year-ago period.... More