Categories AlphaGraphs, Consumer, Earnings

Beyond Meat (BYND) reports Q2 results. Here’s everything you need to know

Beyond Meat, Inc. (NASDAQ: BYND), a pioneer in plant-based meat substitutes, on Monday reported a net loss for the second quarter of 2023 when its revenues declined in double digits.

Beyond Meat Q2 2023 earnings infographic

The company said net revenues declined 30.5% year-over-year to $102.1 million in the June quarter, with sales at the core Retail segment falling sharply. Meanwhile, net loss narrowed to $53.5 million or $0.83 per share in Q2 from $97.1 million or $1.53 per share in the corresponding period of 2022.

For fiscal 2023, the management expects net revenues to be in the range of $360 million to $380 million, representing a decrease of around 14-19% compared to 2022.

Prior Performance

  • Beyond-Meat-Q3-2022-Earnings-Infographic
  • Beyond Meat Q2 2022 Earnings infographic

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

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