Beyond Meat Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
Beyond Meat (NASDAQ:BYND) Full Year 2023 Results
Key Financial Results
Revenue: US$343.4m (down 18% from FY 2022).
Net loss: US$338.1m (loss narrowed by 7.6% from FY 2022).
US$5.26 loss per share (improved from US$5.76 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Beyond Meat Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 41%.
Looking ahead, revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Food industry in the US.
Performance of the American Food industry.
The company's shares are up 34% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 3 warning signs for Beyond Meat you should be aware of, and 1 of them is significant.
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