Beyond Meat® Reports Third Quarter 2024 Financial Results [Yahoo! Finance]
Beyond Meat, Inc. - Common stock (BYND)
Last beyond meat, inc. - common stock earnings: 2/27 04:05 pm
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Source: Yahoo! Finance
meat, today reported financial results for its third quarter ended September 28, 2024. Third Quarter 2024 Financial Highlights Net revenues were $81.0 million, an increase of 7.6% year-over-year. Gross profit was $14.3 million, or gross margin of 17.7%, compared to a loss of $7.3 million, or gross margin of -9.6%, in the year-ago period. Loss from operations was $30.9 million, or operating margin of -38.1%, compared to loss from operations of $69.6 million, or operating margin of -92.4%, in the year-ago period. Net loss was $26.6 million, or $0.41 per common share, compared to net loss of $70.5 million, or $1.09 per common share, in the year-ago period. Adjusted EBITDA was a loss of $19.8 million, or -24.4% of net revenues, compared to an Adjusted EBITDA loss of $57.5 million, or -76.3% of net revenues, in the year-ago period. Beyond Meat President and CEO Ethan Brown commented, “We are pleased to report that in the third quarter we returned to growth, increasing net rev
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Earnings
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