NASDAQ$BYND
Beyond Meat Inc. · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Beyond Meat's Q3 2021 performance reflected variability with a revenue decline from the previous quarter, despite focusing on long-term growth initiatives and investments in innovation and production capabilities.
Beyond Meat reported a 12.7% increase in net revenues to $106.4 million for Q3 2021, driven by international growth which offset decreased U.S. revenues. The company experienced a net loss of $54.8 million, and Adjusted EBITDA was a loss of $36.8 million.
- Net revenues increased by 12.7% year-over-year to $106.4 million.
- International net revenues saw a significant increase of 142.5% year-over-year.
- U.S. net revenues decreased by 13.9% compared to the previous year.
- Net loss was $54.8 million, or $0.87 per common share.
Headline financials
Revenue & EPS history
Beyond Meat · Revenue · Quarterly
$106M
Revenue by segment
Beyond Meat · $106M total across 4 segments · Q3 2021
- U.S. Retail$52.4M-15.6%49.2%
- International Retail$21.4M+168.2%20.1%
- International Foodservice$17.5M+117.1%16.5%
- U.S. Foodservice$15.1M-7.3%14.2%
Forward guidance
The Company's operating environment continues to be affected by near-term uncertainty related to COVID-19 and its potential impact including on demand levels, labor availability and supply chain disruptions. The Company is providing the following guidance for the fourth quarter of 2021: Net revenues in the range of $85 million to $110 million.
Headwinds
- Moderation in sales growth across all channels
- The Company's fourth quarter 2021 period containing 5 fewer shipping days compared to the fourth quarter of 2020
- Impacts associated with knock-on effects from operational challenges in the third quarter of 2021
- Ongoing operator challenges related to labor issues as well as general caution among customers based on COVID-19-related uncertainty
- Accelerated orders in the third quarter of 2021 that would otherwise have been expected to materialize in the fourth quarter.
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 Q3 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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