Beyond Meat Non-GAAP EPS of -$0.41 beats by $0.06, revenue of $81.01M beats by $0.82M
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Contributor since / Followers
Contributor since / Followers
2 months ago
- Beyond Meat press release (NASDAQ:BYND): Q3 Non-GAAP EPS of -$0.41 beats by $0.06.
- Revenue of $81.01M (+7.6% Y/Y) beats by $0.82M.
- Gross profit was $14.3 million, or gross margin of 17.7%, compared to a loss of $7.3 million, or gross margin of -9.6%, in the year-ago period.
- Adjusted EBITDA was a loss of $19.8 million, or -24.4% of net revenues, compared to an Adjusted EBITDA loss of $57.5 million, or -76.3% of net revenues, in the year-ago period.
- 2024 Outlook: Net revenues are expected to be in the range of $320 million to $330 million, vs. consensus $325.44M.
- Gross margin is expected to be in the mid-teens range.
- Operating expenses, excluding the $7.5 million expense related to the consumer class action settlement accrued in the first quarter of 2024, are expected to be in the range of $180 million to $190 million.
- Capital expenditures are expected to be in the range of $10 million to $15 million