Beyond Meat shares rise as first-quarter revenue soars 141%, but it withdraws 2020 forecast due to c

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Simonson Harry

Well-Known Member
Apr 21, 2020
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KEY POINTS
  • Beyond Meat posted better-than-expected earnings for the first quarter Tuesday, but warned that it saw a drop in sales at the end of March as the coronavirus pandemic shuttered restaurants around the country.
  • The company reported a net income of $1.8 million, or 3 cents per share, compared with a net loss of $6.6 million, or 95 cents per share, a year ago.
  • The company’s adjusted earnings before interest, taxes, depreciation and amortization was $12.7 million.
 
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