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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.
Beyond Meat
Beyond Meat
Beyond Meat Revenue by Segment
Revenue by Segment
U.S. Retail Revenue
CapyFin.comU.S. Foodservice Revenue
CapyFin.com 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.
- The Company does not provide guidance for net income, the most directly comparable GAAP measure
- The unavailability of reliable estimates for certain items
Revenue & Expenses
Visualization of income flow from segment revenue to net income