Why Beyond Meat Stock Was Sliding Today

Core Insights - Beyond Meat reported its first quarter of revenue growth in three years, with a 7.6% increase to $81 million, slightly above estimates of $80.7 million [2] - The company achieved a positive gross profit of $14.3 million, recovering from a gross loss of $7.3 million, driven by higher prices [3] - Despite improvements, Beyond Meat continues to face significant losses, with an operating loss of $30.9 million and a net loss of $0.41 per share, although these figures are better than the previous year's losses [3][5] Revenue and Guidance - The U.S. market saw a solid revenue growth of 14.9%, but a decline in international food service revenue negatively impacted overall results [2] - Beyond Meat lowered its full-year revenue guidance from a range of $320 million-$340 million to $320 million-$330 million, which is below the consensus estimate of $328.6 million [4][5] - The company anticipates gross margins in the mid-teens, consistent with third-quarter performance [4] Management Commentary - CEO Ethan Brown expressed satisfaction with the return to growth in net revenues year-over-year and indicated plans to increase cash reserves by year-end and pursue balance sheet restructuring in 2025 [4]