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RE: Beyond Meat
| 06.06.2019, 22:49 (Dieser Beitrag wurde zuletzt bearbeitet: 06.06.2019, 22:49 von Boy Plunger.)
Beyond Meat (BYND) Tops Q1 EPS by 1c, Slight Beat on Revenues; Offers FY19 Revenue Guidance Above Consensus
Beyond Meat (NASDAQ: BYND) reported Q1 EPS of ($0.14), $0.01 better than the analyst estimate of ($0.15). Revenue for the quarter came in at $40.2 million versus the consensus estimate of $40 million.
Net revenues were $40.2 million, an increase of 215%;
Net loss was $6.6 million, or a loss of $0.95 per common share, compared to net loss of $5.7 million, or a loss of $0.98 per common share in the year-ago period; Pro forma basic and diluted net loss per common share, which is a non-GAAP financial measure, was $0.14 per common share in the first quarter of 2019 compared to $0.13 per common share in the year-ago period; and
Adjusted EBITDA, which is a non-GAAP financial measure, was a loss of $2.1 million compared to a loss of $4.3 million in the year-ago period.
“We are very pleased with our successful IPO during the month of May and our strong first quarter financial results that we believe demonstrate mainstream consumers’ desire for plant-based meat products in the United States and internationally,” said Ethan Brown, Beyond Meat’s President and Chief Executive Officer. “Our team continued to scale our business in both retail and foodservice as we benefited from broad-based growth in the first quarter. Looking ahead, we believe we are in the early stages of achieving the growth that Beyond Meat is capable of as we remain focused on efforts to increase brand awareness, expand our distribution channels, launch additional innovative products, and invest in our infrastructure and capacity to be able to serve a robust global market for plant-based meats.”
GUIDANCE:
Beyond Meat sees FY2019 revenue of $210 million, versus the consensus of $207 million.
Adjusted EBITDA to be approximately break-even.
For earnings history and earnings-related data on Beyond Meat (BYND) click here.
Thu, 06 Jun 2019 16:07:53 -0400
Copyright © 2019 StreetInsider.com
Beyond Meat (NASDAQ: BYND) reported Q1 EPS of ($0.14), $0.01 better than the analyst estimate of ($0.15). Revenue for the quarter came in at $40.2 million versus the consensus estimate of $40 million.
Net revenues were $40.2 million, an increase of 215%;
Net loss was $6.6 million, or a loss of $0.95 per common share, compared to net loss of $5.7 million, or a loss of $0.98 per common share in the year-ago period; Pro forma basic and diluted net loss per common share, which is a non-GAAP financial measure, was $0.14 per common share in the first quarter of 2019 compared to $0.13 per common share in the year-ago period; and
Adjusted EBITDA, which is a non-GAAP financial measure, was a loss of $2.1 million compared to a loss of $4.3 million in the year-ago period.
“We are very pleased with our successful IPO during the month of May and our strong first quarter financial results that we believe demonstrate mainstream consumers’ desire for plant-based meat products in the United States and internationally,” said Ethan Brown, Beyond Meat’s President and Chief Executive Officer. “Our team continued to scale our business in both retail and foodservice as we benefited from broad-based growth in the first quarter. Looking ahead, we believe we are in the early stages of achieving the growth that Beyond Meat is capable of as we remain focused on efforts to increase brand awareness, expand our distribution channels, launch additional innovative products, and invest in our infrastructure and capacity to be able to serve a robust global market for plant-based meats.”
GUIDANCE:
Beyond Meat sees FY2019 revenue of $210 million, versus the consensus of $207 million.
Adjusted EBITDA to be approximately break-even.
For earnings history and earnings-related data on Beyond Meat (BYND) click here.
Thu, 06 Jun 2019 16:07:53 -0400
Copyright © 2019 StreetInsider.com
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