Beyond Meat, Inc. stock research
FY2024 Q3
Beyond Meat (BYND) Gross Margin — Quarter Ended Sep 28, 2024
Revenue decreased from the preceding quarter but increased from the same quarter a year earlier. Gross profit rose and cost of revenue fell compared to both periods, resulting in an improved gross margin.
Gross margin takeaway
Quarter ended Sep 28, 2024 · FY2024 Q3
Revenue decreased from the preceding quarter but increased from the same quarter a year earlier. Gross profit rose and cost of revenue fell compared to both periods, resulting in an improved gross margin.
- The strongest observable driver is the reduction in cost of revenue relative to revenue, which lifted gross margin more than the decline in revenue weighed on it.
- Gross margin improved compared with both the preceding quarter and the same quarter one year earlier. The margin turned from a negative figure a year ago to a positive figure in the current period.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
17.7%
Gross profit
$14.3M
Revenue
$81.0M
Cost of revenue
$66.7M
Quarter-over-quarter change
+2.9 pts
Year-over-year change
+27.3 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 |
|---|---|---|---|---|
| Dec 31, 2023 | $73.7M | -$83.9M | $157.5M | -113.8% |
| Mar 30, 2024 | $75.6M | $3.7M | $71.9M | 4.9% |
| Jun 29, 2024 | $93.2M | $13.7M | $79.5M | 14.7% |
| Sep 28, 2024 | $81.0M | $14.3M | $66.7M | 17.7% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 29, 2024
+2.9 pts
Year-over-year change
Sep 30, 2023
+27.3 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable driver is the reduction in cost of revenue relative to revenue, which lifted gross margin more than the decline in revenue weighed on it.
Gross margin improved compared with both the preceding quarter and the same quarter one year earlier. The margin turned from a negative figure a year ago to a positive figure in the current period.
Monitor the company's liquidity and capital resources, including the at-the-market equity offering program disclosed in the filing.