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Sep 26, 2020
Beyond Meat Q3 2020 Earnings Report
Beyond Meat's financial results reflected the full impact of COVID-19, with retail growth partially offsetting foodservice decline.
Key Takeaways
Beyond Meat reported a 2.7% increase in net revenues to $94.4 million, driven by retail channel growth which was offset by a decline in foodservice channel sales due to COVID-19. The company experienced a net loss of $19.3 million, or $0.31 per share.
Net revenues increased by 2.7% year-over-year to $94.4 million.
Retail channel net revenues increased, offsetting foodservice channel declines due to COVID-19.
Net loss was $19.3 million, or $0.31 per common share.
Company continues to invest in long-term growth despite near-term challenges.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Due to the COVID-19 pandemic, the Company continues to experience a meaningful slowdown in its foodservice business. Management remains unable to predict the continuing impact of COVID-19 on its business for the balance of the year with reasonable certainty. As such, the Company’s 2020 outlook remains suspended 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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