Beyond Meat, Inc. (NASDAQ:BYND) Q4 2021 Earnings Conference Call February 24, 2022 5:00 PM ET Company Participants Lubi Kutua - Vice President of Financial Planning & Analysis & Investor Relations Ethan Brown - Founder, President & Chief Executive Officer Phil Hardin - Chief Financial Officer & Treasurer Conference Call Participants Alexia Howard - Bernstein Ken Goldman - JPMorgan Robert Moskow - Credit Suisse Peter Galbo - Bank of America Michael Lavery - Piper Sandler John Baumgartner - Mizuho Ken Zaslow ...

Beyond Meat, Inc. (NASDAQ:BYND) Q3 2021 Earnings Conference Call November 10, 2021 5:00 PM ET Company Participants Ethan Brown – CEO Phil Hardin – CFO Lubi Kutua – Vice President, IR Conference Call Participants Bryan Spillane – Bank of America Alexia Howard – Bernstein Adam Samuelson – Goldman Sachs Rupesh Parikh – Oppenheimer Peter Saleh – BTIG Benjamin Theurer – Barclays Jon Andersen – William Blair Ken Goldman – JPMorgan Operator Good afternoon, ladies and gentlemen, and thank you for standing by. Welco ...

Beyond Meat, Inc. (NASDAQ:BYND) Q2 2021 Earnings Conference Call August 5, 2021 5:00 PM ET Company Participants Lubi Kutua - Vice President of FP&A and Investor Relations Ethan Brown - Founder, President, and Chief Executive Officer Phil Hardin - Chief Financial Officer and Treasurer Conference Call Participants Robert Moskow - Credit Suisse Alexia Howard - Bernstein Adam Samuelson - Goldman Sachs Bryan Spillane - Bank of America Ken Goldman - JPMorgan Rob Dickerson - Jefferies Rupesh Parikh - Oppenheimer B ...

Financial Data and Key Metrics Changes - The company reported net revenues of $108 million for Q1 2021, an 11% year-over-year increase, meeting internal plans [12][32] - Gross profit was $32.7 million, representing 30.2% of net revenues, down from 38.8% in Q1 2020, primarily due to higher transportation and warehousing costs [35][36] - Net loss for Q1 2021 was $27.3 million, or $0.43 per share, compared to net income of $1.8 million, or $0.03 per share, in Q1 2020 [38] Business Line Data and Key Metrics Changes - Retail net revenues increased by 45% year-over-year, driven by a 52% increase in volume sold [33][12] - Foodservice net revenues decreased by 34% year-over-year, reflecting ongoing COVID-19 impacts [18][34] - U.S. retail net revenues were $63.8 million, up 28% year-over-year, with strong performance from Beyond Beef and new products [14][12] Market Data and Key Metrics Changes - U.S. household penetration for Beyond Meat increased to 5.4%, a 100 basis point increase year-over-year [13] - International retail net revenues surged by 189% year-over-year, with Q1 revenues of $17.2 million nearly half of the entire 2020 revenues for that segment [16] - In foodservice, U.S. sales were down 22% year-over-year, consistent with the overall category's decline [18] Company Strategy and Development Direction - The company is focused on investments in infrastructure, personnel, and innovation capabilities to capture future growth [10] - A new 3.0 version of the Beyond Burger was launched, aimed at improving taste and nutrition while reducing saturated fat [20][21] - The company aims to achieve price parity with animal protein by the end of 2024 through various cost-reduction initiatives [24] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future growth, citing stability in recent trends and a cautious resumption of near-term guidance [11][12] - The company acknowledged the ongoing uncertainty due to COVID-19 but expects gradual recovery in foodservice demand [41] - For Q2 2021, the company expects net revenues between $135 million and $150 million, representing a year-over-year increase of 19% to 32% [42] Other Important Information - The company completed a $1 billion convertible senior notes offering, raising approximately $1.04 billion in net proceeds [28][39] - Significant investments are being made in production facilities in China and the Netherlands to enhance capacity and reduce costs [26][27] Q&A Session Summary Question: Will the 3.0 product be fully stocked for major grilling holidays? - Management confirmed that the launch was timed for the summer grilling season, with enhanced marketing activities planned [44][45] Question: How should gross margins be viewed moving forward? - Management indicated that while Q1 margins were impacted by various costs, they expect improvements as volume increases and infrastructure expands [47][49] Question: What is the status of distribution losses in Europe? - Management explained that distribution losses were due to switching distributors and that they expect a quick recovery in placements [51][52] Question: How will the recent capital raise be utilized? - The capital will be used for expanding production capacity, cost reduction initiatives, and enhancing marketing efforts [59][60]

Beyond Meat, Inc. (NASDAQ:BYND) Q4 2020 Earnings Conference Call February 25, 2021 5:00 PM ET Company Participants Lubi Kutua - Vice President, Investor Relations Ethan Brown - Founder, President and CEO Mark Nelson - Chief Financial Officer and Treasurer Conference Call Participants Alexia Howard - Bernstein Bryan Spillane - Bank of America Robert Moskow - Credit Suisse Adam Samuelson - Goldman Sachs Ken Goldman - JPMorgan Ben Theurer - Barclays Erica Eiler - Oppenheimer Michael Lavery - Piper Sandler Jon ...