Beyond Meat slips after penny Q4 loss

Feb. 27, 2020 4:17 PM ETBeyond Meat, Inc. (BYND)BYNDBy: Clark Schultz, SA News Editor34 Comments
  • Beyond Meat (NASDAQ:BYND) reports revenue jumped 212% to $98.5M in Q4.
  • Gross profit soared to 34.0% sales vs. 25.0% a year ago off the sales leverage.
  • Net income was -$0.5M vs. -$7.5M a year ago.
  • Adjusted EBITDA arrived at $9.5M vs. -$3.8M last year and the consensus mark of $5.8M.
  • Looking ahead, Beyond Meat anticipates FY20 revenue of $490M to $510M vs. $486M consensus and adjusted EBITDA as a percentage of revenue close to the 2019 level. Gross margin is seen landing in a range of 33% to 35% for the full year.
  • Shares of Beyond Meat are down 0.40% in AH trading to $105.72.
  • Previously: Beyond Meat EPS misses by $0.02, beats on revenue (Feb. 27)

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