Categories AlphaGraphs, Consumer, Earnings

Beyond Meat (BYND) slips to Q1 loss despite higher sales; stock dips

Beyond Meat, Inc. (NASDAQ: BYND), a leading producer of plant-based meat substitutes, Thursday reported a net loss for the first quarter, compared to profit last year. Though sales increased during the three-month period, they missed estimates. The company’s stock dropped in the after-hours trading session following the announcement.

Beyond Meat Q1 2021 earnings infographic

Beyond Meat reported a loss of $0.42 per share for the March quarter, on an adjusted basis, which marked a deterioration from the prior-year period when it posted earnings of $0.05 per share. The market was looking for a narrower loss for the latest quarter.

Beyond Meat Q1 2021 Financial Summary

The reported net loss was $27.3 million or $0.43 per share, compared to a profit of $1.82 million or $0.03 per share in the first quarter of 2020. Meanwhile, revenues moved up 11.4% annually to $108.2 million but missed expectations.

Read management/analysts’ comments on Beyond Meat’s Q1 results

Beyond Meat’s stock has declined 24% in the past twelve months. The shares closed Thursday’s session lower and continued to lose in the after-hours following the announcement.

  • Beyond Meat (BYND) Q2 2020 Earnings Infograph

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

Most Popular

TTWO Earnings: Take-Two Interactive slips to a loss in Q1; revenue up 36%

Gaming company Take-Two Interactive Software, Inc. (NASDAQ: TTWO) announced first-quarter 2023 results Monday after the closing bell, reporting a 36% revenue growth. First-quarter revenues rose 36% annually to $1.1 billion

Tyson Foods (TSN): Strong demand for beef and price hikes in chicken fuel Q3 top line growth

Shares of Tyson Foods Inc. (NYSE: TSN) plunged 9% on Monday after the company delivered mixed results for the third quarter of 2022. Revenues beat estimates while profits missed expectations.

TSN Earnings: All you need to know about Tyson Foods’ Q3 2022 earnings results

Tyson Foods, Inc. (NYSE: TSN) reported third quarter 2022 earnings results today. Sales rose to $13.5 billion from $12.5 billion in the same period a year ago. Net income attributable to

Add Comment
Viewing Highlight