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Beyond Meat (BYND) Q1 2022 earnings


Beyond Meat’s “Beyond Burger”, patties that are made of plant-based alternatives to meat, sit on New York City’s shelves.

Angela Weiss | AFP | Getty Images

Beyond MeatOn Wednesday, the company reported an unexpectedly large loss in its first quarter. It offered international customers steeper discounts as well as lower prices.

Extended trading saw shares of the company fall by more than 24%

Based on an analysis of Wall Street analysts, here’s the report from the company.

  • Loss per share: $1.58 adjusted vs. $1.01 expected
  • Revenue: $109.5 million vs. $112.3 million expected

Above reported a first-quarter loss of $100.5million or $1.58 per stock, which is higher than its loss of $27.3million or 43 cents per stock a year prior.

The share price of the company fell $1.58 per share excluding these items. This is more than was expected by Refinitiv analysts who surveyed the company.

Net sales It rose by 1.2% to $109.5 Million, which was below expectations of $112.3million.