Beyond Meat (BYND) Misses Q4 EPS by 151c, provides guidance

Beyond Meat (NASDAQ: BYND) reported Q4 EPS of ($2.40), $1.51 worse than the analyst estimate of ($0.89). Revenue for the quarter came in at $73.68 million versus the consensus estimate of $66.66 million.

GUIDANCE:

Beyond Meat sees FY2024 revenue of $315-345 million, versus the consensus of $344.4 million.
Gross margin is expected to be in the mid to high teens range for the full year 2024, and is expected to be higher in the second half of the year relative to the first half.
Operating expenses are expected to be in the range of $170 million to $190 million, weighted slightly more towards the first half of the year.
Capital expenditures are expected to be in the range of $15 million to $25 million.

Net revenues for the first quarter of 2024 are expected to be in the range of $70 million to $75 million, versus the consensus of $85.903 million.

For earnings history and earnings-related data on Beyond Meat (BYND) click here.

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