Beyond Meat (BYND) Earnings Report for Q1 2024: Analysis and Projections

Thursday, 9 May 2024, 13:22
Explore the key financial numbers from Beyond Meat's (BYND) first quarter of 2024 earnings report, including an 18% year-over-year decrease in net revenues and details on the net loss. With expectations for the second quarter and full-year revenues revealed, investors can gauge the company's performance and future prospects.
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Beyond Meat (BYND) Earnings Report for Q1 2024: Analysis and Projections

Beyond Meat (BYND) 1Q24 Earnings Report: Key Details

Beyond Meat, Inc. (NASDAQ: BYND) reported net revenues of $75.6 million for the first quarter of 2024, down 18% year-over-year. Net loss was $54.4 million, or $0.84 per share, compared to a loss of $59 million, or $0.92 per share, last year. Adjusted loss per share was $0.72.

Revenue Projections

Net revenues for the second quarter of 2024 are expected to range between $85-90 million. For the full year of 2024, revenues are expected to be $315-345 million.

Prior Performance

The post Beyond Meat (BYND) Earnings: 1Q24 Key Numbers first appeared on AlphaStreet.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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