Blog

Infographic: A snapshot of Beyond Meat's (BYND) Q1 2022 earnings – AlphaStreet

Posted on by A Felton

News . Data . Research
Categories AlphaGraphs, Consumer, Earnings
Beyond Meat, Inc. (NASDAQ: BYND) Wednesday reported a wider loss for the first quarter of 2022 despite a modest increase in revenues. The results missed Wall Street’s projection.
Beyond Meat Q1 2022 earnings infographic
The El Segundo-based company, a pioneer in plant-based meat substitutes, reported a loss of $1.58 per share for the March quarter, on an adjusted basis, which is wider than the previous year’s loss of $0.42 per share. Analysts were looking for a smaller loss for the latest quarter.
The reported net loss was $100.5 million or $1.58 per share, compared to a loss of $27.3 million or $0.43 per share in the first quarter of 2021. Meanwhile, revenues increased 1% annually to $109.5 million but missed expectations.
Check this space to read management/analysts’ comments on Beyond Meat’s Q1 results
“In the first quarter, we made good progress against our goal of building tomorrow’s global protein company. Whether furthering strategic partnerships in the restaurant industry, the market success of our first product collaboration with PepsiCo, or the continued acclaim awarded to our products here in the U.S. and EU, we continue to lay a robust foundation for our long-term growth,” said Ethan Brown, chief executive officer of Beyond Meat.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Video game company Electronic Arts, Inc. (NASDAQ: EA) reported higher earnings and revenues for the fourth quarter of 2022. The top line also exceeded analysts’ estimates. During the March quarter,
Food distribution company Sysco Corporation (NYSE: SYY) reported stronger-than-expected earnings and revenues for the third quarter of 2022. The company’s stock gained about 8% early Tuesday, immediately after the announcement.
360 DigiTech, Inc. (NASDAQ: QFIN) is a leading online consumer finance company with focus on underserved borrowers, offering a technology-empowered platform that allows financial institutions to connect with customers. The
© 2020 AlphaStreet Inc. All Rights Reserved
[email protected]
44053 Fremont Blvd,
Fremont, CA 94538

source