Beyond Meat, Inc. stock research
FY2023 Q1
Beyond Meat (BYND) Gross Margin — Quarter Ended Apr 1, 2023
Revenue increased compared to the prior quarter, while gross profit turned positive from a loss. Gross margin improved significantly from the prior quarter and also improved compared to the same quarter last year.
Gross margin takeaway
Quarter ended Apr 1, 2023 · FY2023 Q1
Revenue increased compared to the prior quarter, while gross profit turned positive from a loss. Gross margin improved significantly from the prior quarter and also improved compared to the same quarter last year.
- The improvement in gross margin was primarily driven by a larger increase in revenue relative to the increase in cost of revenue. This relationship was the strongest observable factor in the quarter.
- Compared to the prior quarter, revenue was higher and gross profit improved from a loss to a profit, resulting in a higher gross margin. Compared to the same quarter last year, revenue was lower but gross profit was higher, leading to an improved gross margin.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
6.7%
Gross profit
$6.2M
Revenue
$92.2M
Cost of revenue
$86.1M
Quarter-over-quarter change
n/a
Year-over-year change
+6.5 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Apr 1, 2023 | $92.2M | $6.2M | $86.1M | 6.7% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Previous quarter unavailable
n/a
Year-over-year change
Apr 2, 2022
+6.5 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The improvement in gross margin was primarily driven by a larger increase in revenue relative to the increase in cost of revenue. This relationship was the strongest observable factor in the quarter.
Compared to the prior quarter, revenue was higher and gross profit improved from a loss to a profit, resulting in a higher gross margin. Compared to the same quarter last year, revenue was lower but gross profit was higher, leading to an improved gross margin.
Monitor whether the relationship between revenue growth and cost of revenue growth can be sustained in future quarters.