Beyond Meat reported Q3 2024 net revenues of $81.0 million, up 7.6% YoY, driven by a 15.8% increase in net revenue per pound despite a 7.1% volume decline. Gross profit improved significantly to $14.3 million with a 17.7% margin, compared to a loss in the year-ago period. Net loss narrowed to $26.6 million from $70.5 million last year.U.S. retail revenues grew 14.6% to $35.0 million, while U.S. foodservice increased 15.5% to $14.5 million. International retail rose 17.0% to $16.6 million, though international foodservice declined 17.2% to $15.0 million due to decreased sales to a major EU QSR customer.The company updated its 2024 outlook, projecting full-year revenues of $320-330 million and mid-teens gross margin. Management expects to increase cash reserves by year-end and pursue balance sheet restructuring in 2025.

Beyond Meat reported Q3 2024 net revenues of $81.0 million, up 7.6% YoY, driven by a 15.8% increase in net revenue per pound despite a 7.1% volume decline. Gross profit improved significantly to $14.3 million with a 17.7% margin, compared to a loss in the year-ago period. Net loss narrowed to $26.6 million from $70.5 million last year.U.S. retail revenues grew 14.6% to $35.0 million, while U.S. foodservice increased 15.5% to $14.5 million. International retail rose 17.0% to $16.6 million, though international foodservice declined 17.2% to $15.0 million due to decreased sales to a major EU QSR customer.The company updated its 2024 outlook, projecting full-year revenues of $320-330 million and mid-teens gross margin. Management expects to increase cash reserves by year-end and pursue balance sheet restructuring in 2025.