![]() ![]() Note that underneath this, Beyond Meat's actual sales volume by pounds declined "only" -7% y/y.īeyond Meat volume declines (Beyond Meat Q1 earnings release) ![]() Revenue declines moderated, but not substantially, relative to -20% y/y declines in Q4. Take a look at the Q1 earnings summary below:īeyond Meat Q1 results (Beyond Meat Q1 earnings release)īeyond Meat's revenue declined -16% y/y to $92.2 million, essentially in-line with Wall Street's expectations of $91.7 million. Q1 downloadīeyond Meat's March quarter, which the company reported in mid-May, continued to showcase the company's difficulties at breaking through to consumers and highlighted a plethora of problems. Continue to steer clear here and invest elsewhere. In short, I see nothing but bad news for Beyond Meat ahead. ![]() In the current cautionary environment, wholesale resellers - which drive a substantial portion of Beyond Meat's revenue - are taking care to limit their inventory buys, which may ultimately reduce Beyond Meat's shelf prominence to end consumers. Considering the company is burning through roughly ~$50 million of adjusted EBITDA each quarter, this is a dangerous position for the company to be in. Beyond Meat's most recent balance sheet showed only $258.6 million of cash remaining, and that's not to mention over $1.1 billion of convertible debt.
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