BYND - Beyond Meat Q4 Earnings: Revenue Beat EPS Miss Business 'Reset' And More | Benzinga
Beyond Meat Inc (NASDAQ:BYND) reported fourth-quarter financial results Tuesday after the close. Here’s a look at the key metrics from the quarter.
Q4 Earnings: Beyond Meat said fourth-quarter revenues decreased 7.8% year-over-year to $73.7 million, which beat consensus estimates of $66.66 million, per Benzinga Pro. The decrease in revenues was driven by a 14.6% decrease in net revenue per pound, partially offset by an 8.0% increase in volume of products sold.
U.S. retail channel net revenues decreased 22.6% and U.S. foodservice channel net revenues decreased 25.9%. International retail channel net revenues increased 22.1% and international foodservice channel net revenues increased 33.7%.
The plant-based meat company reported a fourth-quarter loss of $2.40 per share, versus a loss of $1.05 ...