Beyond Meat stock surges after Q4 revenue beat

The Yahoo Finance Live team discusses Beyond Meat's strong Q4 earnings report.

影片文字轉錄稿

[AUDIO LOGO]

- Beyond Meat recording their fourth-quarter earnings here, shares moving higher by nearly 15% there. And we're taking a look at some of the results that have come in. Revenue for the company came in at $79.9 million. That is actually a decrease year-over-year of 26-- or 20.6%, rather. And then additionally here, the adjusted net loss here, the net loss, the EPS, that was a loss of $1.05 per share there. And the net loss as a percentage of net revenue there, they're also noting, was -83.6% here.

A few other highlights for the company here that we should note. They're restructuring part of their beef jerky business, it seems, as well here. Inventory levels, they're trying to bring those down while generating cash flow through more aggressive, efficient management, placing greater emphasis on some of their near-term retail and food service growth drivers while also supporting some of the key strategic long-term partners and opportunities. That in a statement from the President and CEO of Beyond Meat Ethan Brown here.

As I had mentioned, though, with regard to that beef jerky part of the business there and the restructuring, the company is saying that it's restructuring certain contracts and operating activities related to Beyond Meat Jerky there. So we'll keep continuing to parse through some of these numbers as well here, Ines, but it looks like there are some significant declines year-over-year in both the retail and food service category in the US as well as internationally.

Retail declined year-over-year in this most recent quarter by about 22 and 1/2%. Food service was down by about 25%. And then internationally, retail was down by about 6% year-over-year. And then additionally, food service down by about 1.3%. All of that combined in the total pounds sold, that was lower by 17%, roughly, year-over-year here in these figures.

- Yeah. And right now, we are seeing the stock that's up 14% in after-hours. Do want to add that it's a very heavily shorted stock. Also want to mention, Beyond Meat's targeting cash-flow-positive operations within the second half of the year. So that may be part of the reason why you're seeing the stock go higher right now.