Beyond Meat’s (NASDAQ :) share price has fallen by more than 20% outside business hours following the company’s report, and EPS ($ 1.58) is significantly worse than the consensus estimate ($ 1.01).
Revenue was $ 109.5 million, up 1.2% from the previous year, compared to the consensus estimate of $ 112.4 million. The total volume of products sold increased by 12.4% year-on-year, but was largely offset by a decrease in net sales per pound of about 10%.
The company provides the entire 2022 outlook and expects revenue in the range of $ 560 million to $ 620 million, compared to the consensus estimate of $ 588.9 million.
Beyond Meat’s share has fallen by 60% so far when it comes to results.
Beyond Meat Shares Down 20% Due to Investing.com Earnings Mistakes in Q1
Source link Beyond Meat Shares Down 20% Due to Investing.com Earnings Mistakes in Q1