Beyond Meat (BYND) Reports In-Line Q2 EPS, provides guidance

Beyond Meat (NASDAQ: BYND) reported Q2 EPS of ($0.53), in-line with the analyst estimate of ($0.53). Revenue for the quarter came in at $93.2 million versus the consensus estimate of $87.81 million.

GUIDANCE:

Beyond Meat sees FY2024 revenue of $320-340 million, versus the consensus of $322.4 million.
Gross margin is expected to be in the mid-teens range.
Operating expenses, excluding the $7.5 million expense related to the consumer class action settlement accrued in the first quarter of 2024, are expected to be in the range of $180 million to $190 million.
Capital expenditures are expected to be in the range of $15 million to $20 million.

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

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