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Beyond Meat | 10-Q: Q3 2024 Earnings Report

Beyond Meat | 10-Q: Q3 2024 Earnings Report

Beyond Meat | 10-Q:2024財年三季報
美股SEC公告 ·  2024/11/07 07:13

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Beyond Meat reported Q3 2024 net revenues increased 7.6% to $81.0 million, driven by a 15.8% increase in net revenue per pound, partially offset by a 7.1% decrease in volume. U.S. retail sales rose 14.6% to $35.0 million while U.S. foodservice sales grew 15.5% to $14.5 million. Gross profit improved to $14.3 million from a loss of $7.3 million in the prior year period.The company significantly narrowed its net loss to $26.6 million from $70.5 million year-over-year, benefiting from higher gross profit and reduced operating expenses. Research and development expenses decreased 32.7% to $6.1 million, while selling, general and administrative expenses fell 26.6% to $39.1 million due to lower personnel costs and consulting fees.Beyond Meat continues to implement cost reduction initiatives and expects to raise additional capital through equity issuance by end of 2024. The company had $121.7 million in unrestricted cash as of September 28, 2024. Management is reviewing operations in China and may scale back or discontinue some operations there as part of its global operations review focused on margin expansion and cash generation.
Beyond Meat reported Q3 2024 net revenues increased 7.6% to $81.0 million, driven by a 15.8% increase in net revenue per pound, partially offset by a 7.1% decrease in volume. U.S. retail sales rose 14.6% to $35.0 million while U.S. foodservice sales grew 15.5% to $14.5 million. Gross profit improved to $14.3 million from a loss of $7.3 million in the prior year period.The company significantly narrowed its net loss to $26.6 million from $70.5 million year-over-year, benefiting from higher gross profit and reduced operating expenses. Research and development expenses decreased 32.7% to $6.1 million, while selling, general and administrative expenses fell 26.6% to $39.1 million due to lower personnel costs and consulting fees.Beyond Meat continues to implement cost reduction initiatives and expects to raise additional capital through equity issuance by end of 2024. The company had $121.7 million in unrestricted cash as of September 28, 2024. Management is reviewing operations in China and may scale back or discontinue some operations there as part of its global operations review focused on margin expansion and cash generation.
Beyond Meat報告顯示,2024年第三季度淨營業收入增長了7.6%,達到8100萬美金,這得益於每磅淨營業收入增長15.8%,部分被成交量減少7.1%抵消。美國零售銷售增長14.6%,達到3500萬美金,而美國食品服務銷售增長15.5%,達到1450萬美金。毛利潤從去年同期的730萬美金虧損改善至1430萬美金。得益於毛利潤提高和營業費用減少,公司大幅縮小了淨虧損,從去年同期的7050萬美金縮減至2660萬美金。研發費用減少32.7%,至610萬美金,而銷售、一般和行政費用因人力成本和諮詢費用降低,下降26.6%至3910萬美金。Beyond Meat繼續實施成本削減措施,並預計到2024年底通過股權發行籌集額外資金。截止2024年9月28日,公司擁有12170萬美金的無條件現金。管理層正在審查在中國的業務,並可能根據全球業務審查結果縮減或停止某些操作,專注於利潤擴張和現金生成。
Beyond Meat報告顯示,2024年第三季度淨營業收入增長了7.6%,達到8100萬美金,這得益於每磅淨營業收入增長15.8%,部分被成交量減少7.1%抵消。美國零售銷售增長14.6%,達到3500萬美金,而美國食品服務銷售增長15.5%,達到1450萬美金。毛利潤從去年同期的730萬美金虧損改善至1430萬美金。得益於毛利潤提高和營業費用減少,公司大幅縮小了淨虧損,從去年同期的7050萬美金縮減至2660萬美金。研發費用減少32.7%,至610萬美金,而銷售、一般和行政費用因人力成本和諮詢費用降低,下降26.6%至3910萬美金。Beyond Meat繼續實施成本削減措施,並預計到2024年底通過股權發行籌集額外資金。截止2024年9月28日,公司擁有12170萬美金的無條件現金。管理層正在審查在中國的業務,並可能根據全球業務審查結果縮減或停止某些操作,專注於利潤擴張和現金生成。
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