Beyond Meat Inc

NASDAQ:BYND   4:00:00 PM EDT
14.30
-0.02 (-0.14%)
7:54:33 PM EDT: $14.35 +0.05 (+0.35%)
Other Pre-Announcement

Beyond Meat Reports Third Quarter 2022 Financial Results

Published: 11/09/2022 21:17 GMT
Beyond Meat Inc (BYND) - Beyond Meat® Reports Third Quarter 2022 Financial Results.
Q3 Revenue Fell 22.5 Percent to $82.5 Million.
Q3 Loss per Share $1.60.
Sees 2022 Net Revenues Are Expected to Be in Range of Approximately $400 Million to $425 Million.
Estimates That It Will Incur One-time Cash Charges of Approximately $4 Million in Connection With Reduction-in-force.
Majority of Charges Will Be Incurred in Q4 2022.
Expects Reduction-in-force to Be Substantially Complete by End of 2022.
Q3 Earnings per Share View $-1.14, Revenue View $98.1 Million -- Refinitiv Ibes Data (analyst estimates).
FY2022 Revenue View $453.4 Million -- Refinitiv Ibes Data (analyst estimates).
Expects to Recognize About $3 Million of One-time Non-cash Savings in Third and Fourth Quarters of 2022.