Beyond Meat Returns To Growth In Q3: Revenue Beat, EPS Beat, Cash Reserves In Focus

Beyond Meat Inc (NASDAQ:BYND) reported third-quarter financial results Wednesday after the bell. Here’s a rundown of the report.

Q3 Earnings: Beyond Meat reported third-quarter revenue of $81.01 million, beating the consensus estimate of $80.71 million, according to Benzinga Pro. The plant-based meat company reported a third-quarter adjusted loss of 41 cents per share, beating estimates for a loss of 44 cents per share.

Total revenues increased 7.6% on a year-over-year basis. U.S. retail channel net revenues increased 14.6% year-over-year and U.S. foodservice channel net revenues increased 15.5%. International retail channel net revenues jumped 17% ...