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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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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