The earnings call highlighted Beyond Meat's return to revenue growth, improved gross margins, and reductions in operating expenses, driven by strategic pricing and product innovations. However, challenges remain in certain segments like international foodservice and U.S. retail volume. The company is also focused on bolstering its balance sheet amid ongoing financial pressures.

Company Guidance

During Beyond Meat's Q3 2024 earnings call, the company provided detailed guidance reflecting its ongoing efforts towards achieving financial stability and growth. Net revenues for the quarter were reported at $81 million, marking a 7.6% increase year-over-year, with significant improvements in gross margin, which rose to 17.7% from a negative 9.6% in the previous year. This was driven by a 15.8% increase in net revenue per pound, attributed to price hikes and reduced trade discounts, especially in the U.S. retail channel, which saw a 22.6% rise. Operating expenses were reduced to $45.2 million, the lowest in four years, while the net loss decreased to $26.6 million from $70.5 million in Q3 2023. The company also achieved a narrower adjusted EBITDA loss of $19.8 million, improving from a $57.5 million loss in the prior year. Beyond Meat expects full-year net revenues for 2024 to be between $320 million and $330 million, with capital expenditures ranging from $10 million to $15 million, while planning to bolster cash levels through an ATM program by year-end.

Return to Growth

Net revenues for Q3 2024 were $81 million, reflecting a 7.6% increase year-over-year, marking the first quarter of year-over-year growth since Q1 2022.

Improvement in Gross Margin

Gross margin rose to 17.7% compared to a negative gross margin of 9.6% in Q3 2023, representing the highest quarterly gross margin since Q3 2021.

Reduction in Operating Expenses

Operating expenses fell to $45.2 million, marking a $17.2 million reduction year-over-year, the lowest level in 4 years.

Launch of Beyond IV Products

Introduction of the Beyond IV line including Beyond Burger, Beyond Beef, and Beyond Dinner Sausage with improved health and taste attributes, receiving endorsements from leading health organizations.

Recognition for Social Impact

Beyond Meat was included in Fortune's 2024 Change the World list for making a positive social impact.

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Beyond Meat (BYND) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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BYND Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 20, 2025	2024 (Q4)	-0.44 / -	-2.4	―	―	―
Nov 06, 2024	2024 (Q3)	-0.48 / -0.41	-1.09	62.39% (+0.68)	―
Aug 07, 2024	2024 (Q2)	-0.53 / -0.53	-0.83	36.14% (+0.30)	―
May 08, 2024	2024 (Q1)	-0.67 / -0.84	-0.92	8.70% (+0.08)	―
Feb 27, 2024	2023 (Q4)	-0.89 / -2.40	-1.05	-128.57% (-1.35)	―
Nov 08, 2023	2023 (Q3)	-0.89 / -1.09	-1.6	31.87% (+0.51)	―
Aug 07, 2023	2023 (Q2)	-0.84 / -0.83	-1.53	45.75% (+0.70)	―
May 10, 2023	2023 (Q1)	-1.01 / -0.92	-1.58	41.77% (+0.66)	―
Feb 23, 2023	2022 (Q4)	-1.18 / -1.05	-1.27	17.32% (+0.22)	―
Nov 09, 2022	2022 (Q3)	-1.15 / -1.60	-0.87	-83.91% (-0.73)	―

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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BYND Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 06, 2024	$6.58	$5.84	-11.25%
Aug 07, 2024	$5.24	$6.53	+24.62%
May 08, 2024	$8.21	$7.03	-14.37%
Feb 27, 2024	$7.52	$9.83	+30.72%

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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