Categories AlphaGraphs, Consumer, Earnings

Beyond Meat (BYND) reports in-line earnings in Q2; tops revenue targets

Beyond Meat (NASDAQ: BYND) reported second quarter 2020 loss of 2 cents per share on an adjusted basis, which came in line with the market’s view. Revenue of $113 million, jumped 69% year-over-year and beat the analysts’ estimates. On a reported basis, the company posted a loss of $10.2 million or $0.16 per share.

Shares of Beyond Meat slumped about 6% in the after-market hours.

Beyond Meat (BYND) Q2 2020 Earnings Infograph

Retail sales in the US more than tripled in the quarter, offsetting the weakness in the foodservice business as a result of the ongoing COVID-19 pandemic.

Beyond Meat (BYND) Q2 2020 earnings - Financial summary

Like last quarter, the company didn’t provide any outlook for fiscal 2020 due to the magnitude and effects of the COVID-19 pandemic.

[irp posts=”64051″]

Looking forward to read what management and analysts discuss on quarterly results? Stay tuned here for Beyond Meat Q2 2020 earnings call transcript

Most Popular

Microsoft (MSFT) Q2 revenue up 20%, earnings beat estimates

Software giant Microsoft Corp. (NASDAQ: MSFT) on Tuesday reported higher revenues and earnings for the second quarter of 2022. The results also topped expectations. At $51.7 billion, second-quarter revenues were

NFLX Stock: What the slowdown in subscriber growth means for Netflix

When online platforms thrived on the unusually strong traffic growth during the shutdown, as home-bound people turned to video-streaming and gaming sites, there was speculation that the trend might reverse

FAST Stock: Fastenal’s long-term prospects intact. Should you invest now?

Production disruption and logistics issues continue to have a crippling effect on the industrial sector but the performance of companies, in general, has been mixed so far. Fastenal Company (NASDAQ:

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top