Beyond Meat Q3 net revenue down 8.7% to $75.3M; net loss $70.5M ($1.09/share)

BEYOND MEAT, INC.

2023-Q3 EPS reported -$2.85 revenue$269,697,000

Net revenue of $75.3M declined 8.7% YoY; gross loss of $7.3M (margin -9.6%) improved from -18.0% last year.
Net loss was $70.5M ($1.09 per share) vs. $101.7M loss ($1.60 per share) a year ago.
Adjusted EBITDA loss of $57.5M (-76.3% of revenue) compared to $73.8M loss (-89.5%) in Q3 2022.
CEO cites worsening sector-specific and broader consumer headwinds; EU net revenues grew double digits YoY.
Gross margin benefited from $4.4M lower depreciation due to accounting estimate change.

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 0.9

BEYOND MEAT, INC. reported financial results for third quarter ended September 30, 2023.

Period: third quarter ended September 30, 2023
Result: reported results

Exact text from the filing

On November 8, 2023, Beyond Meat, Inc. (the “Company”) issued a press release announcing its financial results for the third quarter ended September 30, 2023.

View on SEC.gov

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

BEYOND MEAT, INC. filing history →

Source: SEC EDGAR

accession 0001655210-23-000255

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.