Beyond Meat Q3 revenue up 7.6% to $81M; net loss narrows to $26.6M

BEYOND MEAT, INC.

2024-Q3 EPS reported -$1.78 revenue$249,794,000

Net revenues $81.0M (+7.6% YoY); gross margin 17.7% vs -9.6% prior year.
Net loss $26.6M ($0.41/share) vs $70.5M ($1.09) a year ago; operating loss $30.9M.
Adjusted EBITDA loss $19.8M (-24.4% rev) vs loss $57.5M (-76.3%) prior year.
CEO expects to increase cash reserves by year-end and pursue balance sheet restructuring in 2025.

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