NASDAQ$BYND
Beyond Meat Inc. · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Reported record net revenues and a return to growth in foodservice, with retail performance showing year-over-year growth despite cycling the previous year's demand surge.
Beyond Meat reported a 31.8% increase in net revenues to $149.4 million for the second quarter of 2021. The growth was driven by increased foodservice channel sales and international retail distribution. However, the company experienced a net loss of $19.7 million, or $0.31 per share.
- Net revenues increased by 31.8% year-over-year to $149.4 million.
- Foodservice channel net revenues increased by 218% year-over-year.
- Gross profit was $47.4 million, with a gross margin of 31.7%.
- Net loss was $19.7 million, or $0.31 per common share.
Headline financials
Revenue & EPS history
Beyond Meat · Revenue · Quarterly
$149M
Revenue by segment
Beyond Meat · $149M total across 4 segments · Q2 2021
- U.S. Retail$77.2M-14.3%51.7%
- International Retail$28.5M+198.2%19.1%
- U.S. Foodservice$24M+269.4%16.0%
- International Foodservice$19.7M+172.5%13.2%
Forward guidance
The Company anticipates net revenues to be in the range of $120 million to $140 million for the third quarter of 2021, representing an increase of 27% to 48% compared to the third quarter of 2020.
Tailwinds
- Continued recovery in foodservice channels compared to the prior year
- Reasonable containment of COVID-19 infection rates both in the U.S. and abroad.
- Third quarter guidance range reflects management's expectations of a sequential moderation in growth in foodservice channels following pipeline restocking activity in the second quarter of 2021.
- Expectation that U.S. retail channels will benefit less from Fourth of July sales in the third quarter of 2021 given that there were 5 fewer shipping days in the third quarter of 2021 leading up to July 4th compared to the year-ago period.
- Advancement of overall cost-down program.
Headwinds
- Near-term uncertainty related to COVID-19 and its potential impact on retail and foodservice demand levels.
- Expected dampening of U.S. and international foodservice revenue growth due to recent losses of distribution and operator challenges due to labor issues.
- General caution in light of uncertainty surrounding COVID-19 infection rates, particularly due to the Delta variant.
- Potential impact on retail and foodservice demand levels.
- Possible disruption of demand patterns due to the recent uptick of COVID-19 cases.
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 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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro