Beyond Meat Q2 2024 Adj EPS $(0.53) Misses $(0.51) Estimate, Sales $93.20M Beat $87.81M Estimate
Portfolio Pulse from Benzinga Newsdesk
Beyond Meat (NASDAQ:BYND) reported Q2 2024 adjusted EPS of $(0.53), missing the $(0.51) estimate, but sales of $93.20M beat the $87.81M estimate. Sales decreased by 8.76% compared to the same period last year.
August 07, 2024 | 8:13 pm
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Beyond Meat reported Q2 2024 adjusted EPS of $(0.53), missing the $(0.51) estimate, but sales of $93.20M beat the $87.81M estimate. Sales decreased by 8.76% compared to the same period last year.
The mixed results, with an EPS miss but a revenue beat, create a neutral short-term outlook. The sales decline year-over-year adds to the uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100