Beyond Meat Q4 2022 revenue $79.9M (-20.6% YoY); net loss $66.9M; full-year loss $366.1M

BEYOND MEAT, INC.

2022-FY EPS reported -$5.75 revenue$418,933,000

Net revenues $79.9M in Q4, down 20.6% YoY; full-year $418.9M, down 9.8%.
Gross margin negative 3.7% in Q4; full-year gross loss $23.7M.
Net loss $66.9M ($1.05 per share) in Q4; full-year net loss $366.1M ($5.75 per share).
Adjusted EBITDA loss $56.5M in Q4, $278.0M for full year.
CEO aims for cash flow positive in H2 2023; focus on margin recovery and inventory reduction.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BEYOND MEAT, INC. reported fourth quarter ended December 31, 2022 results: revenue $79.9 million, net income Net loss was $66.9 million, EPS $1.05 per common share.

Period: fourth quarter ended December 31, 2022
Revenue: $79.9 million
Net income: Net loss was $66.9 million
EPS: $1.05 per common share
Result: reported results

Exact text from the filing

Net revenues were $79.9 million, a decrease of 20.6% year-over-year. • Gross profit was a loss of $2.9 million, or gross margin of -3.7% of net revenues. • Net loss was $66.9 million, or $1.05 per common share.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BEYOND MEAT, INC. reported full year ended December 31, 2022 results: revenue $418.9 million, net income Net loss was $366.1 million, EPS $5.75 per common share.

Period: full year ended December 31, 2022
Revenue: $418.9 million
Net income: Net loss was $366.1 million
EPS: $5.75 per common share
Result: reported results

Exact text from the filing

Net revenues were $418.9 million, a decrease of 9.8% year-over-year. • Gross profit was a loss of $23.7 million, or gross margin of -5.7% of net revenues. • Net loss was $366.1 million, or $5.75 per common share.

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BEYOND MEAT, INC. filing history →

Source: SEC EDGAR

accession 0001655210-23-000011

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