Beyond Meat Q3 revenue down 22.5% to $82.5M, gross margin -18%; net loss $101.7M

BEYOND MEAT, INC.

2022-Q3 EPS reported -$4.71 revenue$338,995,000

Net revenues $82.5M, -22.5% YoY; gross loss $14.8M (margin -18.0%) including co-manufacturing termination costs.
Net loss $101.7M ($1.60 per share); net loss margin -123.2% of revenues.
Adjusted EBITDA loss $73.8M (-89.5% of revs); CEO targets cash flow positive by H2 2023.
Co-manufacturing termination costs ($7.2M) hit gross profit, incl. $5.8M from Beyond Meat Jerky.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BEYOND MEAT, INC. reported financial results for third quarter ended October 1, 2022.

Period: third quarter ended October 1, 2022
Result: reported results

Exact text from the filing

On November 9, 2022, Beyond Meat, Inc. (the “Company”) issued a press release announcing its financial results for the third quarter ended October 1, 2022.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

BEYOND MEAT, INC. filing history →

Source: SEC EDGAR

accession 0001655210-22-000223

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