Beyond Meat (BYND) cuts outlook as demand softness continues to bite
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Beyond Meat (BYND) Prelim. Q3 Revenue Misses Consensus, Cuts FY Guidance
November 2, 2023 8:37 AM EDTBeyond Meat, Inc. (NASDAQ: BYND) (Beyond Meat or the Company) provided a business update today.
Select Third Quarter 2023 Financial Results
The Company is providing the following select third quarter financial results.
Net revenues are expected to be approximately $75 million.Gross profit is expected to be a loss of approximately $7 million to $8 million.The Company is expected to achieve positive free cash flow, defined as cash flows from operating activities... More