Beyond Meat (BYND) Revenue — Quarter Ended Mar 30, 2024
Revenue for the reported quarter increased compared to the immediately preceding quarter but declined compared to the same quarter one year earlier. The sequential improvement followed a prior period of decline, while the year-over-year comparison continued a trend of lower revenue.
Key takeaway
Quarter ended Mar 30, 2024 · FY2024 Q1
Revenue for the reported quarter increased compared to the immediately preceding quarter but declined compared to the same quarter one year earlier. The sequential improvement followed a prior period of decline, while the year-over-year comparison continued a trend of lower revenue.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$75.6M
Revenue reported for this quarter.
Quarter-over-quarter
+2.6%
Change from the immediately preceding quarter.
Year-over-year
-18.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$326.7M
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jul 1, 2023 | $102.1M | -30.5% |
| Sep 30, 2023 | $75.3M | -8.7% |
| Dec 31, 2023 | $73.7M | -7.8% |
| Mar 30, 2024 | $75.6M | -18.0% |
Revenue performance
Revenue moved higher from the prior quarter, reversing the pattern of sequential decreases seen in earlier periods. However, the year-over-year comparison showed a reduction, consistent with the broader downward trend observed over the past several quarters.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was higher. Compared to the same quarter one year earlier, revenue was lower.
What to watch
The filing notes an at-the-market equity offering program that remains available for general corporate purposes.