Beyond Meat Q2 revenue down 30.5% YoY to $102.1M; net loss of $53.5M

BEYOND MEAT, INC.

2023-Q2 EPS reported -$1.76 revenue$194,385,000

Net revenues $102.1M, -30.5% YoY; gross margin improved to 2.2% from -4.2% YoY.
Net loss $53.5M ($0.83 loss per share) vs $97.1M ($1.53 loss per share) YoY.
Adjusted EBITDA loss $40.8M (-40.0% of revenue) vs loss $68.8M (-46.8% of revenue) YoY.
COGS depreciation reduced by ~$5.1M due to change in estimated useful lives of large manufacturing equipment.
President and CEO Ethan Brown cited 'ongoing category headwinds' for revenue compression.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BEYOND MEAT, INC. reported second quarter ended July 1, 2023 results: revenue $102.1 million, net income Net loss was $53.5 million, or $0.83 per common share, EPS $(0.83) per common share.

Period: second quarter ended July 1, 2023
Revenue: $102.1 million
Net income: Net loss was $53.5 million, or $0.83 per common share
EPS: $(0.83) per common share
Result: reported results

Exact text from the filing

Net revenues were $102.1 million, a decrease of 30.5% year-over-year.

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BEYOND MEAT, INC. filing history →

Source: SEC EDGAR

accession 0001655210-23-000194

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