Beyond Meat Q4 revenue down 7.8% to $73.7M; gross margin -113.8% on $78M non-cash charges

BEYOND MEAT, INC.

2023-FY EPS reported -$5.26 revenue$343,376,000

Net revenues $73.7M, down 7.8% YoY; gross loss $(83.9)M vs $(2.9)M a year ago.
Gross margin -113.8% hit by $67.5M Global Operations Review charge and $10.5M other non-cash items.
Net loss $155.1M ($2.40/sh) vs $66.9M ($1.05/sh) in prior-year quarter.
Adjusted EBITDA loss $125.1M (-169.9% of revenues) vs loss $56.5M (-70.7%) YoY.
Full-year 2023 net revenues $343.4M, down 18.0% YoY; net loss $338.1M.

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 1.0

BEYOND MEAT, INC. reported the fourth quarter ended December 31, 2023 results: revenue $73.7 million, net income $155.1 million, EPS $2.40 per common share.

Period: the fourth quarter ended December 31, 2023
Revenue: $73.7 million
Net income: $155.1 million
EPS: $2.40 per common share
Result: reported results

Exact text from the filing

plant-based meat, today reported financial results for its fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Financial Highlights 1 • Net revenues were $73.7 million, a decrease of 7.8% year-over-year. • Gross profit was a loss of $83.9 million, or gross margin of -113.8%, compared to a loss of $2.9 million, or gross margin of -3.7%, in the

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 0001655210-24-000017

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.