Beyond Meat: Q1 Earnings Snapshot
By AP News
Published - May 10, 2023, 05:19 PM ET
Last Updated - Jun 21, 2023, 08:54 PM EDT
EL SEGUNDO, Calif. (AP) — EL SEGUNDO, Calif. (AP) — Beyond Meat Inc. (BYND) on Wednesday reported a loss of $59 million in its first quarter.
The El Segundo, California-based company said it had a loss of 92 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $1.01 per share.
The plant-based meat company posted revenue of $92.2 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $92.1 million.
