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Mar 28, 2020
Beyond Meat Q1 2020 Earnings Report
Reported financial results with net revenues increasing 141% year-over-year.
Key Takeaways
Beyond Meat reported strong first quarter financial results, exceeding expectations despite challenges from the COVID-19 health crisis. Net revenues increased by 141% year-over-year to $97.1 million, and the company achieved a net income of $1.8 million, or $0.03 per diluted share.
Net revenues increased 141% year-over-year to $97.1 million.
Gross profit improved to $37.7 million, representing a 38.8% gross margin.
Net income was $1.8 million, or $0.03 per common diluted share.
Adjusted EBITDA was $12.7 million, compared to an Adjusted EBITDA loss of $2.1 million in the year-ago period.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company is suspending its 2020 outlook previously provided on February 27, 2020 until further notice, given the ongoing uncertainty related to the COVID-19 pandemic.
Positive Outlook
- Expect to benefit from food-at-home consumer demand in its retail channel.
Challenges Ahead
- Ongoing uncertainty related to the COVID-19 pandemic.
- Magnitude and duration of the impact to the foodservice channel.
- Suspending 2020 outlook previously provided on February 27, 2020 until further notice.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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