Beyond Meat turns to a profit

Oct. 28, 2019 4:18 PM ETBeyond Meat, Inc. (BYND)BYNDBy: Clark Schultz, SA News Editor100 Comments
  • Beyond Meat (NASDAQ:BYND) reports revenue jumped 250% to $92M in Q3.
  • Gross profit came in at 35.6% sales vs. 19.2% a year ago off the sales leverage.
  • Net income was $4.1M vs. -$9.3M a year ago.
  • Adjusted EBITDA arrived at $11.0M vs. -$5.7M last year.
  • Looking ahead, Beyond Meat anticipates FY19 revenue of $265M to $275M vs. $266M consensus and adjusted EBITDA of ~$20M.
  • Shares of BYND are down 8.08% in AH trading, although the session is likely to be volatile.
  • Previously: Beyond Meat EPS beats by $0.03, beats on revenue (Oct. 28)

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