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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.
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
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