LATEST

    Vinco Ventures (BBIG) announces Q1 results; revenue up 349%

    May 24, 2022

    SIGA technologies (SIGA) stock gains as monkeypox cases rise

    May 23, 2022

    Ross Stores (ROST) sinks on lower FY22 outlook; down 24%

    May 19, 2022

    Jumia Technologies (JMIA) stock gains 25% after earnings

    May 17, 2022

    Sea Ltd (SE) stock gains over 10% on strong earnings

    May 17, 2022
    Legal
    Privacy Policy
    Cookie Policy
    Terms and Conditions
    Twitter Facebook Instagram YouTube LinkedIn
    Facebook Twitter Instagram YouTube LinkedIn
    Rising CandleRising Candle
    • Home
    • Market News

      Sea Ltd (SE) stock gains over 10% on strong earnings

      May 17, 2022

      Alibaba (BABA) stock soars after JPMorgan raises Chinese tech stock ratings

      May 17, 2022

      Cornerstone (CLM) stock gains after right offering closure

      May 16, 2022

      GameStop (GME) appoints new CFO, stock gains continue

      May 16, 2022

      DWAC stocks rise in premarket after filing the S-4 form

      May 16, 2022
    • Earnings
    • Business

      SIGA technologies (SIGA) stock gains as monkeypox cases rise

      May 23, 2022

      Elon Musk puts the Twitter deal “temporarily on hold”; but still committed to acquire

      May 13, 2022

      U.S. unemployment claims rise again

      May 12, 2022

      Biohaven Pharma (BHVN) reports FY22 Q1 earnings; Pfizer will buy it

      May 10, 2022

      Meta announces testing NFTs on Instagram

      May 9, 2022
    • Cryptocurrency
    • Forex
    Rising CandleRising Candle
    Home » Beyond Meat (BYND) stock continues to fall after a bleak earnings
    Earnings

    Beyond Meat (BYND) stock continues to fall after a bleak earnings

    Shushwi ShekharBy Shushwi ShekharMay 12, 2022Updated:May 12, 2022No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Beyond Meat, Inc. (NASDAQ: BYND) stock dropped massively after the first-quarter earnings results missed analysts’ estimates. At the time of writing, BYND stock was down 21% to $20.49. Beyond’s stock closed down 13.8% on Wednesday, ahead of the company’s earnings report.

    The company expects revenue of $560.0 million to $620.0 million in 2022. For the fiscal year ending December 31, 2022, the current consensus revenue estimate is $582.81 million.

    Reported vs. Expected

    EPS – -$1.58 vs. -$1.03 expected

    Revenue – $109.5 Million vs. $111.66 Million expected

    Financial Highlights

    • Net revenues were $109.5 million, an increase of 1.2% year-over-year.
    • Gross profit was $0.2 million, or a gross margin of 0.2% of net revenues.
    • Net loss was $100.5 million, or $1.58 per common share. Net loss as a percentage of net revenues was -91.8%.
    • Adjusted EBITDA was a loss of $78.9 million, or -72.1% of net revenues.

    CEO’s Quote

    “In the first quarter, we made good progress against our goal of building tomorrow’s global protein company. Whether furthering strategic partnerships in the restaurant industry, the market success of our first product collaboration with PepsiCo, or the continued acclaim awarded to our products here in the U.S. and EU, we continue to lay a robust foundation for our long-term growth.”

    Beyond Meat President and CEO Ethan Brown 

    Earnings History 

    Beyond Meat’s most recent quarterly earnings report was on February 24th, 2022. The reported $1.27 earnings per share (EPS) for the quarter fell $0.54 short of analysts’ consensus estimates of $0.73. The company’s revenue for the quarter was $100.70 million, compared to the consensus estimate of $101.92 million. Its quarterly revenue was down 1.2% from the previous quarter. Over the last year, Beyond Meat has generated $2.88 earnings per share ($2.88 diluted earnings per share). 

    Beyond reported a net loss of $80.37 million, or $1.27 per share, in the fourth quarter, up from a loss of $25.08 million, or 40 cents per share, the previous year. Refinitiv polled analysts predicted a loss of 71 cents per share.

    Annual Forecast

    Beyond Meat’s earnings are expected to rise from $3.18 to $2.29 per share in the coming year.

    Q1 Developments

    Beyond Meat and PepsiCo (NASDAQ: PEP) announced the first product under their PLANET Partnership joint venture would be meatless jerky. 

    Beyond Meat and Rite Aid (NYSE: RAD) have announced the availability of the Beyond Burger and Beyond Meatballs in approximately 2,000 locations across the United States.

    Company Profile

    Beyond Meat Inc. is a food manufacturer. It primarily produces, markets, and sells plant-based meat products in the United States and internationally. Beyond Beef, Beyond Chicken, The Beyond Burger, Beyond Meat, Beyond Sausage, Eat What You Love, and The Cookout Classic are the brand names under which the company sells its products. Beyond Meat Inc.’s headquarters are in El Segundo, California.

    Beyond meat earnings Beyond Meat stock
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Shushwi Shekhar

    Related Posts

    Vinco Ventures (BBIG) announces Q1 results; revenue up 349%

    May 24, 2022

    Ross Stores (ROST) sinks on lower FY22 outlook; down 24%

    May 19, 2022

    Jumia Technologies (JMIA) stock gains 25% after earnings

    May 17, 2022

    Weber (WEBR) stock slumps after weak earnings

    May 16, 2022
    Add A Comment

    Comments are closed.

    Trending

    SIGA technologies (SIGA) stock gains as monkeypox cases rise

    May 23, 2022

    Ross Stores (ROST) sinks on lower FY22 outlook; down 24%

    May 19, 2022

    Jumia Technologies (JMIA) stock gains 25% after earnings

    May 17, 2022

    Weber (WEBR) stock slumps after weak earnings

    May 16, 2022

    Wix.com shares drop 10% in premarket after missing estimates

    May 16, 2022

    Subscribe to Updates

    Get the latest Business and Finance news only at Investor's pulse

    Advertisement
    Editor's Picks

    AMC named ‘100 Most Influential Companies of 2022’ by Time Magazine

    March 31, 2022

    BuzzFeed released first earnings report after going public; revenue grew 24% YOY

    March 22, 2022

    U.S. jobless claims dip to a 2.5-month low

    March 17, 2022

    FOMC: Recent updates you need to know!

    March 17, 2022

    Your source for the latest US stock market and business news.

    Connect with us:

    Facebook Twitter Instagram YouTube LinkedIn Reddit

    Subscribe to Updates

    Subscribe to get weekly updates on what happened on the Stock Market and insights into where to invest.

    Legal
    Privacy Policy
    Cookie Policy
    Terms and Conditions
    © 2022 Investor's Pulse. All Rights Reserved.
    • Home

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
    Do not sell my personal information.
    Cookie SettingsAccept
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
    CookieDurationDescription
    cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
    cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
    cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
    cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
    cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
    viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
    Functional
    Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
    Performance
    Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
    Analytics
    Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
    Advertisement
    Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
    Others
    Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
    SAVE & ACCEPT
    Go to mobile version