** charts before earnings **
** charts after earnings **
Beyond Meat beats by $0.15, beats on revs; guides FY23 revs in-line
- Reports Q4 (Dec) loss of $1.05 per share, $0.15 better than the S&P Capital IQ Consensus of ($1.20); revenues fell 20.6% year/year to $79.94 mln vs the $75.8 mln S&P Capital IQ Consensus.
- Gross profit was a loss of $2.9 million, or gross margin of -3.7% of net revenues.
- Co issues in-line guidance for FY23, sees FY23 revs of $375-415 mln vs. $391.37 mln S&P Capital IQ Consensus.
- Gross margin is expected to be in the low double-digit range, increasing sequentially throughout the year.
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