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Apr 02, 2022
Beyond Meat Q1 2022 Earnings Report
Beyond Meat's financial performance was marked by a slight increase in net revenues, offset by a significant decrease in gross profit and a substantial net loss, influenced by strategic investments and cost-intensive measures.
Key Takeaways
Beyond Meat reported a modest 1.2% increase in net revenues to $109.5 million for Q1 2022, but faced a significant decline in gross profit, resulting in a net loss of $100.5 million. The company's results were impacted by increased trade discounts, list price reductions, and higher manufacturing and logistics costs, alongside investments in marketing and headcount.
Net revenues increased by 1.2% year-over-year, reaching $109.5 million.
Gross profit significantly decreased to $0.2 million, with a gross margin of 0.2%.
Net loss was $100.5 million, or $1.58 per common share.
Adjusted EBITDA resulted in a loss of $78.9 million, representing -72.1% of net revenues.
Beyond Meat
Beyond Meat
Beyond Meat Revenue by Segment
Beyond Meat Revenue by Geographic Location
Revenue by Segment
U.S. Retail Revenue
CapyFin.comU.S. Foodservice Revenue
CapyFin.comInternational Retail Revenue
CapyFin.comInternational Foodservice Revenue
CapyFin.comRevenue by Geographic Location
U.S. Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
The Company reaffirmed its full year 2022 revenue outlook, expecting net revenues to be in the range of $560 million to $620 million, an increase of 21% to 33% compared to 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income