Beyond Meat has reported financial results for its fourth quarter and full year ended December 31, 2019. Net revenues were $98.5 million, an increase of 212%, compared to net revenues of $31.5 million in the year-ago period. The forecast for the full year of 2020 is net revenues in the range of $490 million to $510 million.
Beyond Meat Returns to Growth With Encouraging Q3 Financial Results
Beyond Meat has reported its financial results for the third quarter of 2024, demonstrating a promising return to growth. The company achieved net revenues of $81.0 million, an increase of 7.6% year-on-year. Gross profit reached $14.3 million, compared to a loss of $7.3 million in the year-ago period. Loss from operations was $30.9 million, down from $69.6 million in Q3 2023, while net loss decreased from $70.5 million to $26.6 million. Finally, adjusted EBITDA was a loss of $19.8 million, compared to a loss of $57.5 million in the year-ago period. The increase in revenues was primarily driven by a 15.8% increase in net revenue per pound achieved through lower trade discounts, price increases for certain products, and changes in product sales mix. This was …