Beyond Meat, Inc. (BYND) Q3 2024 Earnings Call Transcript Summary
Beyond Meat, Inc. (BYND) Q3 2024 Earnings Call Transcript Summary
Operating expenses decreased to $45.2 million, the lowest in four years, contributing to a narrower adjusted EBITDA loss of $19.8 million compared to $57.5 million year-ago.The following is a summary of the Beyond Meat, Inc. (BYND) Q3 2024 Earnings Call Transcript:
以下是Beyond Meat，Inc. (BYND) Q3 2024 業績會議電話摘要：
Financial Performance:
財務表現:
Beyond Meat reported Q3 2024 revenues of $81 million, up 7.6% year-over-year, with net revenue per pound increasing by 15.8%.
Gross margin significantly improved to 17.7%, up from a negative gross margin of 9.6% in the third quarter of the previous year, aided by pricing strategies and COGS reductions.
Operating expenses decreased to $45.2 million, the lowest in four years, contributing to a narrower adjusted EBITDA loss of $19.8 million compared to $57.5 million year-ago.
Beyond Meat報告了Q3 2024年的營業收入爲8100萬美元，同比增長7.6%，每磅淨收入增長15.8%。
毛利率顯着提高至17.7%，較去年第三季度負毛利率9.6%有所提高，得益於定價策略和成本減少。
營業費用降至4520萬美元，爲四年來最低，有助於調整後的EBITDA淨虧損較去年同期的5750萬美元減少至1980萬美元。
Business Progress:
業務進展：
Launched the Beyond 4 product line including Beyond Burger, Beyond Beef, and Beyond Dinner Sausage, with improved taste and health profiles recognized by major health organizations.
Expanded U.S. reach and entered new international markets, notably in Germany, and broadened food service offerings through partnerships with chains like McDonald's in France and Panda Express in the U.S.
Continued to streamline production and distribution networks, achieving reduced logistics costs and better inventory management, forecasting further COGS savings into 2025.
推出了Beyond 4產品線，包括Beyond Burger、Beyond Beef和Beyond Dinner Sausage，口感和健康特性得到了主要健康組織的認可。
擴大了美國市場，並進入了新的國際市場，尤其是在德國，通過與麥當勞在法國和Panda Express在美國等連鎖餐飲企業合作，拓寬了食品服務產品的供應。
繼續優化生產和物流網絡，降低物流成本並改善庫存管理，預計到2025年進一步節省成本。
Opportunities:
機會：
New product launches and entry into health-focused markets demonstrated acceptance of premium pricing linked to improved product health credentials.
Expansion into new international retail markets and enhanced food service offerings present opportunities for increased market share and revenue.
Continued innovation in products, such as the Beyond Steak Filet made with mycelium and plant proteins, positions the company to capitalize on growing consumer preference for plant-based alternatives.
新產品推出和進入健康市場展示了與改善產品健康認證相關的溢價定價的接受度。
擴展到新的國際零售市場和增強的食品服務產品提供了增加市場份額和營業收入的機會。
持續創新產品，如用菌絲和植物蛋白製成的Beyond meat 牛排，使公司能夠利用消費者越來越青睞植物基替代品的趨勢。
Risks:
風險：
Acknowledged challenges with volume declines in certain food service channels due to economic issues and inventory adjustments by large QSR customers, indicating potential volatility in demand.
Despite positive revenue growth, the company faces ongoing risks associated with price elasticity and consumer acceptance amid aggressive competition in the plant-based protein category.
認識到由於經濟問題和大型快餐連鎖顧客的庫存調整導致某些食品服務渠道成交量下降所面臨的挑戰，表明需求可能存在波動。
儘管營收有正面增長，但公司在植物性蛋白類別激烈競爭環境中面臨與價格彈性和消費者接受度相關的風險。
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譯文內容由第三人軟體翻譯。
