BYND Earnings Prediction
The chart below shows how BYND performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BYND sees a +2.49% change in stock price 10 days leading up to the earnings, and a +0.39% change 10 days following the report. On the earnings day itself, the stock moves by -2.65%. This data can give you a slight idea of what to expect for the next quarter's release.
BYND Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
81.01M
7.56%
-13.07%
Gross Margin
17.66%
283.39%
19.97%
Operating Margin
-38.16%
-58.72%
4.81%
Net Margin
-32.81%
-64.95%
-11.32%
EPS
-0.41
-62.39%
-22.64%
No Data Available
BYND Earnings Analysis
Beyond Meat, Inc. Common Stock Corporation (BYND.O) Earnings Conference Call
Positive
Net Revenue Increase: Net revenues increased 7.6% to $81 million for the third quarter of 2024 compared to $75.3 million in the year-ago period, reflecting our first quarter of year-over-year growth since the first quarter of 2022.
Net Revenue Increase Analysis: The increase in net revenues was primarily driven by a 15.8% increase in net revenue per pound, partially offset by a 7.1% decrease in volume of products sold.
Retail Revenue Increase: U.S. retail channel net revenues increased 14.6% to $35 million in the third quarter of 2024 compared to $30.5 million in the year-ago period.
Gross Profit Improvement: Gross profit in the third quarter of 2024 was $14.3 million, or gross margin of 17.7% compared to a loss of $7.3 million, or gross margin of negative 9.6% in a year-ago period.
Operating Expenses Reduction: Total operating expenses decreased to $45.2 million compared to $62.4 million in the year-ago period, marking a $17.2 million reduction year-over-year.
Negative
Revenue Increase with Volume Decline: Net revenues were $81 million for the third quarter of 2024, reflecting a 7.6% increase year-over-year, but this was offset by a 7.1% decrease in volume of products sold compared to the previous year.
Net Revenue Increase Analysis: The increase in net revenues was primarily driven by a 15.8% increase in net revenue per pound, partially offset by a 7.1% decrease in volume of products sold.
Operating Expenses Decrease: Operating expenses fell to $45.2 million compared to $62.4 million in the year-ago period, but this decrease was primarily due to reduced general and administrative expenses, including a $2 million insurance recovery benefit, and reduced selling expenses.
Net Loss Comparison: Net loss for common shares was $0.41 in the third quarter of 2024 compared to $1.09 in the year-ago period, indicating a significant loss still exists despite improvements.
Adjusted EBITDA Loss Comparison: Adjusted EBITDA was also a loss of $19.8 million or negative 24.4% of net revenues in the third quarter of 2024 compared to an adjusted EBITDA loss of $57.5 million or negative 76.3% of net revenues in the year-ago period.
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BYND Earning Call Sentiment
Beyond Meat, Inc. (BYND) Q3 2024 Earnings Call Transcript
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BYND.O
-1.47%Positive
The earnings call highlights improved financial metrics, such as a 7.6% YoY revenue increase and a significant reduction in net loss. However, concerns about cash flow challenges, high debt levels, and unclear capital raise plans temper optimism. The Q&A section reveals management's lack of clarity on sales data discrepancies and future capital needs. Despite positive product reception and margin improvements, the lack of clear guidance and potential financial risks lead to a neutral sentiment, suggesting a stock price movement in the range of -2% to 2% over the next two weeks.
