ក្រុមហ៊ុន Beyond Meat Inc (NASDAQ: BYND) gained about 15% in extended trading on Thursday after reporting market-beating results for its fourth financial quarter.
Beyond Meat shares up on encouraging guidance
The stock is also up on better-than-expected guidance.
Beyond Meat now forecasts $375 million to $415 million in revenue this year versus analysts at $391.2 million. It’s still committed to turning cash flow positive before the end of 2023. In the សេចក្តីប្រកាសព័ត៌មានស្តីពីប្រាក់ចំណូល, CEO Ethan Brown said:
We’re making solid progress in our transition to a sustainable growth model [by] driving margin recovery, bringing inventory down, and placing greater emphasis on near-term retail and foodservice growth drivers.
The Nasdaq-listed firm expects its gross margin to be in low double digits this year. ភាគហ៊ុនរបស់ Beyond Meat are now up roughly 60% YTD.
Notable figures in Beyond Meat’s Q4 results
- បាត់បង់ 66.9 លានដុល្លារធៀបនឹងឆ្នាំមុន 80.4 លានដុល្លារ
- ការខាតបង់ក្នុងមួយហ៊ុនក៏បានរួមតូចពី 1.27 ដុល្លារទៅ 1.05 ដុល្លារ
- Revenue tanked 21% year-on-year to $79.9 million
- ការយល់ស្របគឺ $1.18 នៃការខាតបង់លើប្រាក់ចំណូល 75.8 លានដុល្លារ
- U.S. and international revenues declined 21% and 20%
Last October, the plant-based meat substitutes maker resorted to its secondary round of ការកាត់បន្ថយការងារ to lower costs. The chief executive added:
We remain intently focused on positioning BYND to capture the vast opportunity to be a major protein provider in the $1.4 trillion meat industry and play a leadership role in transitioning global consumers to delicious plant-based meats.
អ្នកដែលចាប់អារម្មណ៍ buying Beyond Meat shares post earnings should also consider that Wall Street currently has a consensus “underweight” rating on them.
Source: https://invezz.com/news/2023/02/23/beyond-meat-shares-pop-on-q4-loss/