NASDAQ$BYND
Beyond Meat Inc. · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Reported record net revenues with significant growth driven by retail channel amidst COVID-19 challenges.
Beyond Meat reported a 69% increase in net revenues to a record $113.3 million for the second quarter of 2020. The growth was primarily driven by increased retail channel sales, which offset a reduction in foodservice channel sales due to the COVID-19 pandemic. The company invested in expanded operations, innovation, and targeted pricing measures.
- Net revenues increased by 69% year-over-year, reaching $113.3 million.
- Retail channel net revenues surged by 192% year-over-year due to higher household penetration and increased average spending per household.
- Gross profit was $33.7 million, with an adjusted gross profit of $39.6 million, excluding COVID-19 related expenses.
- Net loss was $10.2 million, but adjusted net loss was $1.2 million after excluding expenses related to COVID-19 and early debt extinguishment.
Headline financials
Revenue & EPS history
Beyond Meat · Revenue · Quarterly
$113M
Revenue by segment
Beyond Meat · $113M total across 4 segments · Q2 2020
- U.S. Retail$90M+194.9%79.4%
- International Retail$9.57M+166.7%8.4%
- International Foodservice$7.24M-56.5%6.4%
- U.S. Foodservice$6.49M-60.7%5.7%
Forward guidance
Due to the COVID-19 pandemic, management remains unable to predict the continuing impact of COVID-19 on its business for the balance of the year with reasonable certainty. As such, the Company’s 2020 outlook, previously provided on February 27, 2020, remains suspended until further notice.
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 Q2 2020
-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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