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Dec 31, 2019
Beyond Meat Q4 2019 Earnings Report
Reported financial results for the fourth quarter and full year 2019.
Key Takeaways
Beyond Meat reported strong fourth quarter and full-year 2019 results, with net revenues increasing by 212% year-over-year to $98.5 million in Q4. The company's gross profit improved to $33.5 million, representing a 34.0% gross margin. For the full year, net revenues increased by 239% to $297.9 million.
Net revenues increased 212% year-over-year to $98.5 million in the fourth quarter of 2019.
Gross profit improved to $33.5 million, or 34.0% of net revenues, in the fourth quarter of 2019.
Net loss was $0.5 million, or $0.01 per common share, in the fourth quarter of 2019.
Adjusted EBITDA was $9.5 million in the fourth quarter of 2019.
Revenue by Segment
Forward Guidance
For the full year 2020, the Company expects net revenues in the range of $490 million to $510 million, gross margin in the range of 33% to 35%, and Adjusted EBITDA as a % of net revenues approximately equivalent to 2019 levels.
Positive Outlook
- Net revenues in the range of $490 million to $510 million, an increase of 64% to 71% from 2019
- Gross margin in the range of 33% to 35%
- Adjusted EBITDA as a % of net revenues approximately equivalent to 2019 levels
- Prioritizing aggressive growth
- Accelerating global expansion plans
Challenges Ahead
- The Company’s 2020 Outlook is based on a number of assumptions that are subject to change and many of which are outside the control of the Company.
- If actual results vary from these assumptions, the Company’s expectations may change.
- There can be no assurance that the Company will achieve these results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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