Beyond Meat Inc. · Q4 2021 earnings

Briefing

Beyond Meat's Q4 2021 financial results were reported, revealing a slight decrease in net revenues, a significant net loss, and a substantial adjusted EBITDA loss, although the company highlighted progress in its long-term strategy and investments.

Beyond Meat reported a slight decrease in net revenues to $100.7 million for Q4 2021, a net loss of $80.4 million, and an adjusted EBITDA loss of $62.9 million. The company's performance was impacted by reduced U.S. retail channel net revenues, offset by increases in U.S. foodservice and international channel net revenues. Despite the challenges, Beyond Meat emphasized its investments in infrastructure and capabilities for long-term growth.

• Net revenues decreased by 1.2% year-over-year to $100.7 million.
• Gross profit was $14.2 million, representing a gross margin of 14.1%.
• Net loss amounted to $80.4 million, or $1.27 per common share.
• Adjusted EBITDA showed a loss of $62.9 million, or -62.5% of net revenues.

Headline financials

Revenue & EPS history

The Company's operating environment continues to be affected by near-term uncertainty related to COVID-19. Based on management's best assessment of the environment today, the Company is providing the following guidance for the full year 2022: Net revenues in the range of $560 million to $620 million, an increase of 21% to 33% compared to 2021.