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Beyond Meat Reports Third Quarter 2020 Results

Beyond Meat, Inc., a leader in plant-based meat, reported financial results for its third quarter ended September 26, 2020.

Third Quarter 2020 Financial Highlights

  • Net revenues were $94.4 million, an increase of 2.7% year-over-year.
  • Gross profit was $25.5 million, or gross margin of 27.0% of net revenues; Adjusted gross profit was $27.3 million, or
  • Adjusted gross margin of 28.9% of net revenues, reflecting exclusion of expenses attributable to COVID-19.
  • Net loss was $19.3 million, or $0.31 per common share; Adjusted net loss was $17.5 million, or $0.28 per common share, reflecting exclusion of expenses attributable to COVID-19.
  • Adjusted EBITDA was a loss...

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