NASDAQ$BYND
Beyond Meat Inc. · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Net revenues increased, driven by retail channel growth, while gross profit improved sequentially despite COVID-19 pressures on the foodservice business.
Beyond Meat reported an 11.4% increase in net revenues to $108.2 million for the first quarter of 2021, driven by growth in the retail channel. Gross profit was $32.7 million, representing 30.2% of net revenues. However, the company experienced a net loss of $27.3 million, or $0.43 per common share.
- Net revenues increased by 11.4% year-over-year to $108.2 million.
- Gross profit reached $32.7 million, with a gross margin of 30.2%.
- Net loss amounted to $27.3 million, or $0.43 per common share.
- The company issued Q2 2021 revenue guidance in the range of $135 million to $150 million.
Headline financials
Revenue & EPS history
Beyond Meat · Revenue · Quarterly
$108M
Revenue by segment
Beyond Meat · $108M total across 4 segments · Q1 2021
- U.S. Retail$63.8M+27.8%59.0%
- International Retail$17.2M+189.0%15.9%
- U.S. Foodservice$16.7M-26.0%15.5%
- International Foodservice$10.4M-44.0%9.6%
Forward guidance
The Company is providing net revenues guidance for the second quarter of 2021 to be in the range of $135 million to $150 million, an increase of 19% to 32% compared to the second quarter of 2020.
Tailwinds
- Net revenues in the range of $135 million to $150 million
- Increase of 19% to 32% compared to the second quarter of 2020
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
-2.0%
Avg return
Earnings day
-0.6%
Avg return
5 days after
-2.0%
Avg return
30 days after
38%
12 / 32 earnings
Positive
+35.1%
Q1 2019
Best reaction
-20.3%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -14.2% | -23.7% | -32.0% | |
| Q4 2025 | +3.2% | +25.2% | +38.8% | |
| Q3 2025 | -9.8% | -19.4% | -11.9% | |
| Q1 2025 | -8.7% | -1.2% | +30.7% | |
| Q4 2024 | -10.7% | -9.3% | -11.8% | |
| Q3 2024 | -8.5% | -17.4% | -28.7% | |
| Q2 2024 | +23.2% | +11.3% | +11.7% | |
| Q1 2024 | -15.1% | -3.9% | -8.3% | |
| Q4 2023 | +31.9% | +31.1% | +11.1% | |
| Q3 2023 | -2.6% | -8.3% | +30.4% | |
| Q2 2023 | -16.8% | -17.5% | -27.3% | |
| Q1 2023 | -16.7% | -12.7% | -1.5% | |
| Q4 2022 | +10.4% | +4.3% | -4.9% | |
| Q3 2022 | +9.1% | +19.4% | +14.2% | |
| Q2 2022 | +12.4% | +8.8% | -31.2% | |
| Q1 2022 | -17.4% | -10.3% | -24.7% | |
| Q4 2021 | -6.1% | +0.0% | +2.6% | |
| Q3 2021 | -16.4% | -14.5% | -34.2% | |
| Q2 2021 | +0.9% | +3.1% | -6.4% | |
| Q1 2021 | -8.9% | -9.8% | +19.7% | |
| Q4 2020 | -4.3% | -8.1% | -14.7% | |
| Q3 2020 | -20.3% | -20.5% | -12.7% | |
| Q2 2020 | -1.2% | -2.1% | -3.4% | |
| Q1 2020 | +32.6% | +40.3% | +43.4% | |
| Q4 2019 | -20.3% | -15.2% | -41.2% | |
| Q3 2018 | +2.9% | +5.2% | -2.0% | |
| Q3 2019 | -18.7% | -18.7% | -19.0% | |
| Q2 2018 | -17.1% | -24.6% | -31.8% | |
| Q2 2019 | -17.1% | -24.6% | -31.8% | |
| Q1 2018 | +12.2% | +34.8% | +32.3% | |
| Q4 2018 | +12.2% | +34.8% | +32.3% | |
| Q1 2019 | +35.1% | +22.8% | +48.8% | |
| Q4 2017 | — | — | — | |
| Q3 2017 | — | — | — |
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