08.05.2024 22:40:36 - dpa-AFX: Beyond Meat, Inc. Q1 Loss Decreases, but misses estimates

WASHINGTON (dpa-AFX) - Beyond Meat, Inc. (BYND) revealed Loss for first
quarter that decreased from the same period last year but missed the Street
estimates.

The company's earnings came in at -$54.36 million, or -$0.84 per share. This
compares with -$59.04 million, or -$0.92 per share, in last year's first
quarter.

Excluding items, Beyond Meat, Inc. reported adjusted earnings of -$46.86 million
or -$0.72 per share for the period.

Analysts on average had expected the company to earn -$0.67 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter fell 18.0% to $75.60 million from $92.24
million last year.

Beyond Meat, Inc. earnings at a glance (GAAP) :

-Earnings (Q1): -$54.36 Mln. vs. -$59.04 Mln. last year.
-EPS (Q1): -$0.84 vs. -$0.92 last year.
-Revenue (Q1): $75.60 Mln vs. $92.24 Mln last year.

-Guidance:
Next quarter revenue guidance: $85 - $90 Mln
Full year revenue guidance: $315 - $345 Mln


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
Beyond Meat A2N7XQ NASDAQ 6,510 21.06.24 23:30:00 -0,040 -0,61% 6,480 6,550 6,710 6,510

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