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Apr 03, 2021
Beyond Meat Q1 2021 Earnings Report
Net revenues increased, driven by retail channel growth, while gross profit improved sequentially despite COVID-19 pressures on the foodservice business.
Key Takeaways
Beyond Meat reported an 11.4% increase in net revenues to $108.2 million for the first quarter of 2021, driven by growth in the retail channel. Gross profit was $32.7 million, representing 30.2% of net revenues. However, the company experienced a net loss of $27.3 million, or $0.43 per common share.
Net revenues increased by 11.4% year-over-year to $108.2 million.
Gross profit reached $32.7 million, with a gross margin of 30.2%.
Net loss amounted to $27.3 million, or $0.43 per common share.
The company issued Q2 2021 revenue guidance in the range of $135 million to $150 million.
Beyond Meat
Beyond Meat
Beyond Meat Revenue by Segment
Revenue by Segment
U.S. Retail Revenue
CapyFin.comU.S. Foodservice Revenue
CapyFin.comInternational Retail Revenue
CapyFin.comInternational Foodservice Revenue
CapyFin.com Forward Guidance
The Company is providing net revenues guidance for the second quarter of 2021 to be in the range of $135 million to $150 million, an increase of 19% to 32% compared to the second quarter of 2020.
Positive Outlook
- Net revenues in the range of $135 million to $150 million
- Increase of 19% to 32% compared to the second quarter of 2020
Revenue & Expenses
Visualization of income flow from segment revenue to net income