Categories AlphaGraphs, Consumer, Earnings
Beyond Meat (BYND) Earnings: Q2 loss widens despite sales growth
Beyond Meat, Inc. (NASDAQ: BYND), Thursday reported a wider loss for the second quarter of 2021, despite a double-digit increase in sales. Revenues beat Wall Street’s forecast, while the bottom-line missed.
The company, a pioneer in plant-based meat substitutes, reported a loss of $0.31 per share for the June quarter, on an adjusted basis, which is wider than the $0.02-per share loss it incurred in the same period of last year. The market was looking for a smaller loss for the latest quarter.
The reported net loss was $19.7 million or $0.31 per share, compared to a loss of $10.2 million or $0.16 per share in the second quarter of 2020. Meanwhile, revenues moved up 32% annually to $149.4 million and topped expectations.
Read management/analysts’ comments on Beyond Meat’s Q2 results
Beyond Meat’s stock has declined 28% in the past six months. The shares closed Thursday’s session lower and continued to lose in the after-hours following the announcement.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Infographic: How Constellation Brands (STZ) performed in Q3 2026
Constellation Brands, Inc. (NYSE: STZ) reported net sales of $2.22 billion for the third quarter of 2026, down 10% year-over-year. Organic net sales were down 2%. Net income attributable to
BLK Q4 Preview: BlackRock appears poised for another earnings beat
BlackRock, Inc. (NYSE: BLK), the largest asset management company, is set to publish its fourth-quarter 2025 results next week. The update is expected to shed light on how the firm’s
A look at Best Buy’s (BBY) progress on its growth strategy
Shares of Best Buy Co., Inc. (NYSE: BBY) fell over 3% on Wednesday. The stock has dropped 17% over the past 12 months. The consumer electronics retailer delivered sales and
