secwatch.observer — SEC 8-K summary
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Issuer:     BEYOND MEAT, INC. (BYND)
CIK:        0001655210
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001655210-23-000255
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1655210/000165521023000255/0001655210-23-000255-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1655210/000165521023000255/bynd-20231108.htm
  HTML page:      https://secwatch.observer/filing/0001655210-23-000255

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