Beyond Meat Third Quarter 2024 Earnings: Beats Expectations

Beyond Meat (NASDAQ:BYND) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$81.0m (up 7.6% from 3Q 2023).
• Net loss: US$26.6m (loss narrowed by 62% from 3Q 2023).
• US$0.41 loss per share (improved from US$1.10 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Beyond Meat Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Food industry in the US.

Performance of the American Food industry.

The company's shares are down 4.1% from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for Beyond Meat (1 is concerning!) that you should be aware of before investing here.

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