Beyond Meat Q1 2024 Adj EPS $(0.72) Misses $(0.67) Estimate, Sales $75.603M Beat $75.241M Estimate
Portfolio Pulse from Benzinga Newsdesk
Beyond Meat reported Q1 2024 adjusted EPS of $(0.72), missing the $(0.67) estimate, but sales of $75.603M exceeded the $75.241M forecast. This represents an 18.03% decrease in sales compared to the same period last year.

May 08, 2024 | 8:34 pm
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Beyond Meat's Q1 2024 earnings missed EPS estimates but beat sales forecasts, with a significant year-over-year sales decline.
Missing the EPS estimate negatively impacts investor sentiment and stock price in the short term. However, beating sales forecasts might offset some negative sentiment. The significant year-over-year sales decline is a critical factor that could further dampen investor enthusiasm for BYND, suggesting a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100