Beyond Meat (BYND) Shares Plunge 12% on Q4 Miss and Worse Than Expected 2022 Outlook
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Beyond Meat® Reports Fourth Quarter and Full Year 2021 Financial Results
February 24, 2022 4:05 PM ESTEL SEGUNDO, Calif., Feb. 24, 2022 (GLOBE NEWSWIRE) -- Beyond Meat, Inc. (NASDAQ: BYND) (Beyond Meat or the Company), a leader in plant-based meat, today reported financial results for its fourth quarter and full year ended December 31, 2021.
Fourth Quarter 2021 Financial Highlights1
Net revenues were $100.7 million, a decrease of 1.2% year-over-year.Gross profit was $14.2 million, or gross margin of 14.1% of net revenues.Net loss was $80.4 million, or $1.27 per common share. Net loss as a percentage of net revenues was -79.8%.Adjusted EBITDA was a loss of $62.9 million,... More