NASDAQ$BYND
Beyond Meat Inc. · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Beyond Meat's Q2 2022 financial results reflected a decrease in net revenues and a net loss, impacted by sales to liquidation channels, increased inventory reserves, and Beyond Meat Jerky.
Beyond Meat reported a slight decrease in net revenues and a significant net loss for Q2 2022. The results were impacted by increased sales to liquidation channels, higher inventory reserves, and the introduction of Beyond Meat Jerky. Despite inflationary pressures and consumers trading down among proteins, the company recorded its second-largest quarter in terms of net revenues. The company is focused on cost reductions, planned market activities, and strengthening its retail business.
- Net revenues decreased by 1.6% year-over-year to $147.0 million.
- Gross profit was a loss of $6.2 million, with a gross margin of -4.2%.
- Net loss was $97.1 million, or $1.53 per common share.
- The company is reducing its global workforce by approximately 4% to achieve annualized savings of approximately $8 million.
Headline financials
Revenue & EPS history
Beyond Meat · Revenue · Quarterly
$147M
Revenue by segment
Beyond Meat · $147M total across 4 segments · Q2 2022
- U.S. Retail$78.9M+2.2%53.6%
- International Retail$23.7M-17.0%16.1%
- U.S. Foodservice$23.4M-2.4%15.9%
- International Foodservice$21.1M+7.0%14.3%
Forward guidance
The Company expects net revenues to be in the range of $470 million to $520 million for the full year 2022, representing an increase of 1% to 12% compared to 2021.
Tailwinds
- Management's outlook considers the potential impact from macroeconomic factors assuming present day conditions.
- The company is reducing its global workforce by approximately 4% to achieve annualized savings of approximately $8 million.
- Focus on cost reductions.
- Planned market activities for global strategic partners.
- Strengthening retail business.
Headwinds
- Operating environment continues to be affected by near-term uncertainty related to macroeconomic issues, including inflation and rising interest rates.
- Increasing concerns about the likelihood of a recession.
- COVID-19 and its potential impact on consumer behavior and demand levels.
- Challenges related to labor availability and supply chain disruptions.
- Potential impact from geopolitical tensions.
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 2022
-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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