The stock of Beyond Meat Inc (BYND) closed the regular trading session at $49, gaining 3.38% from the previous trading session. The stock of BYND declined in the after-market, losing 10.84% to $43.69. BYND published the financial outcome for Q4 and the year 2021. The company also filed for form 8-K with the SEC, to declare the fiscal performance, on February 24, 2022.
Beyond Meat Inc takes part in the supply of plant-based meats. The firm sells a variety of plant-based items across the three primary meat foundations of beef, pork, and poultry. Moreover, the products of BYND include a burger, sausages, beef, meatball, and more. BYND has a market capitalization of $3.10 billion with 63.33 million pending stocks. The company has its base in El Segundo, California, United States of America (USA).
BYND Financials
On 24 February 2022, BYND published the financial outcome for Q4 and the full fiscal year 2021, which ended on 31 December 2021. The salient features for the financial outcome are
- The company recorded net sales of $100.6 million in Q4 of FY21 versus $101.9 million in Q4 of FY20. Net sales YoY increased by 14.2% from $406.7 million in 2020 to $464.7 million in 2021.
- Further, BYND’s total profit in Q4 of FY21 was $14.2 million against $25.4 million in Q4 of FY20. Also, total profit YoY decreased from $122.2 million in 2020 to $117.2 in 2021.
- The company had a net loss of $80.3 million in Q4 of FY21. YoY net loss of BYND increased by 245.2% from $54.7 million in 2020 to $182.1 million in 2021.
- Moreover, the loss per stock in Q4 of FY21 was $1.27 versus $0.40 in Q4 of FY20. Besides, YoY loss of $2.88 per stock in 2021 against $0.85 in 2020.
2022 guidance for BYND
Beyond Meat Inc anticipates the revenue for FY22 to be between $560 million and $620 million. In addition, this marks an increase of 21%-33% versus 2021.
CEO Remarks
The CEO of BYND, Ethan Brown, stated that they saw solid growth in FY21. Mr. Brown further said that with the beginning of FY22, they are satisfied with the progress they are making against their long-term goals.
