Categories AlphaGraphs, Consumer, Earnings

Infographic: A snapshot of Beyond Meat’s (BYND) Q2 2022 earnings

Beyond Meat, Inc. (NASDAQ: BYND) on Thursday reported a wider loss for the second quarter of 2022 amid a decrease in sales. The results also missed Wall Street’s projection.

Beyond Meat Q2 2022 Earnings infographic

The El Segundo-based company, a pioneer in plant-based meat substitutes, reported a loss of $1.53 per share for the June quarter, on an adjusted basis, which is wider than the previous year’s loss of $0.31 per share. Analysts were looking for a smaller loss for the latest quarter.

The reported net loss was $97.1 million or $1.53 per share, compared to a loss of $19.7 million or $0.31 per share in the second quarter of 2021. Revenues decreased 2% annually to $147.0 million and fell short of expectations.


Check this space to read management/analysts’ comments on Beyond Meat’s Q2 results


“In Q2 2022, we recorded our second largest quarter ever in terms of net revenues even as consumers traded down among proteins in the context of inflationary pressures, and we made solid sequential progress on reducing operating and manufacturing conversion costs. Across the balance of the year, we are tightly focused on intensifying OpEx and manufacturing cost reductions, executing against a series of planned market activities for our global strategic partners, and strengthening our retail business through core support and the introduction of one of our best innovations to date,” said Ethan Brown, chief executive officer of Beyond Meat.

Prior Performance

  • Beyond Meat Q1 2022 earnings infographic
  • Beyond Meat Q4 2021 earnings infographic
  • Beyond Meat Q3 2021 earnings infographic
  • Beyond Meat Q2 2021 earnings infographic

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

Most Popular

AVGO Earnings: Broadcom Q4 profit beats estimates; revenue up 4%

Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported stronger-than-expected earnings for the fourth quarter. The tech firm also provided guidance for fiscal 2024. Earnings, excluding non-recurring items, came in

Costco’s (COST) stock hits a record high ahead of earnings. Here’s what to look for

As Costco Wholesale Corporation (NASDAQ: COST) prepares to publish its first-quarter earnings, the warehouse behemoth’s stock climbed to an all-time high this week. When it reports the results next week,

Dollar General (DG) faces challenges from inventory shrink in Q3

Shares of Dollar General Corporation (NYSE: DG) turned red on Thursday despite the company delivering better-than-expected results for the third quarter of 2023. The stock has dropped 46% year-to-date. Although

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