Plant-based protein company Beyond Meat (NASDAQ: BYND) will be announcing earnings results tomorrow after the bell. Here’s what to expect.
Beyond Meat missed analysts’ revenue expectations by 8.6% last quarter, reporting revenues of $74.96 million, down 19.6% year on year. It was a disappointing quarter for the company, with revenue guidance for next quarter missing analysts’ expectations significantly and a significant miss of analysts’ revenue estimates.
Is Beyond Meat a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Beyond Meat’s revenue to decline 15.1% year on year to $68.77 million, a reversal from the 7.6% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.43 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Beyond Meat has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Beyond Meat’s peers in the perishable food segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Vital Farms delivered year-on-year revenue growth of 37.2%, beating analysts’ expectations by 3.7%, and Pilgrim's Pride reported revenues up 3.8%, topping estimates by 0.8%. Vital Farms traded up 11% following the results while Pilgrim's Pride’s stock price was unchanged.
Read our full analysis of Vital Farms’s results here and Pilgrim's Pride’s results here.
Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the perishable food stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.6% on average over the last month. Beyond Meat is up 25.6% during the same time and is heading into earnings with an average analyst price target of $2.23 (compared to the current share price of $1.30).
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