Beyond Meat Q2 net revenue $93.2M (-8.8% YoY); net loss narrows to $34.5M

BEYOND MEAT, INC.

2024-Q2 EPS reported -$1.37 revenue$168,788,000

Net revenue $93.2M, down 8.8% YoY; gross margin improved to 14.7% from 2.2%.
Net loss $34.5M ($0.53/share) vs net loss $53.5M ($0.83) in Q2 2023.
Adjusted EBITDA loss $23.0M (-24.7% rev) vs loss $40.8M (-40.0%) last year.
Operating loss $33.9M (margin -36.4%) vs loss $53.8M (-52.7%) a year ago.
CEO cited progress toward profitability; launched Beyond IV platform with health endorsements.

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