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Beyond Meat (DE:0Q3)
:0Q3
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.45Last Year’s EPS
-0.81Same Quarter Last Year
Strong Sell
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: -9.79%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Neutral
Beyond Meat showed positive signs of recovery with consecutive quarters of revenue growth, cost reductions, and international expansion. However, challenges remain with overall declining annual revenue, difficulties in certain segments, and the suspension of operations in China. Efforts to improve gross margin and reduce operating expenses are ongoing.Company Guidance
In the Beyond Meat fourth quarter and full year 2024 conference call, the company provided guidance for the fiscal year 2025, emphasizing a strategic focus on achieving EBITDA positive operations by the end of 2026. The company reported a full-year net revenue of $326.5 million, a 4.9% decline from 2023, though they noted a slowdown in the rate of decline and a return to growth in the last two quarters. For 2025, Beyond Meat aims for net revenues between $320 million and $335 million, with a gross margin target of approximately 20%, up from 12.8% in 2024. Operating expenses are expected to range from $160 million to $180 million, with capital expenditures projected at $15 million to $20 million. The company also highlighted reductions in operating expenses by over $50 million, excluding a $7.5 million settlement, and a nearly $100 million improvement in adjusted EBITDA for 2024. Key goals include maintaining comparable year-over-year net revenues, improving gross margin, further reducing operating expenses, and strengthening the balance sheet. The company has made strategic decisions, such as suspending operations in China and initiating a reduction in force, to streamline operations and focus on long-term profitability.Return to Revenue Growth
Beyond Meat registered two consecutive quarters of year-over-year net revenue growth after more than two years of declining sales, signaling a positive turnaround.
Significant Reduction in Operating Expenses
The company reduced operating expenses by over $50 million in 2024, excluding a $7.5 million settlement, which contributed to a nearly $100 million year-over-year improvement in adjusted EBITDA.
International Expansion
Notable international growth included the launch of Veggie McPlant Nuggets at over 1,500 McDonald's in France and the expansion of Beyond Steak in French retail, amongst other European market introductions.
Improved Gross Margin and COGS
Gross margin improved to 13.1% in Q4 2024, with COGS per pound decreasing to $3.91, the best result since Q2 2021.
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DE:0Q3 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:0Q3 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | €3.49 | €3.11 | -10.85% |
| Nov 06, 2024 | €5.73 | €5.43 | -5.24% |
| Aug 07, 2024 | €5.03 | €5.68 | +12.88% |
| May 08, 2024 | €7.71 | €6.60 | -14.35% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Beyond Meat (DE:0Q3) report earnings?
Beyond Meat (DE:0Q3) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Beyond Meat (DE:0Q3) earnings time?
Beyond Meat (DE:0Q3) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Beyond Meat stock?
The P/E ratio of Beyond Meat is N/A.
What is DE:0Q3 EPS forecast?
DE:0Q3 EPS forecast for the fiscal quarter 2025 (Q1) is -0.45.
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