secwatch.observer — SEC 8-K summary
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Issuer:     BEYOND MEAT, INC. (BYND)
CIK:        0001655210
Form:       8-K
Filed at:   2023-08-07T23:59:59+00:00
Accession:  0001655210-23-000194
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1655210/000165521023000194/0001655210-23-000194-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1655210/000165521023000194/bynd-20230807.htm
  HTML page:      https://secwatch.observer/filing/0001655210-23-000194

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer