Beyond Meat Earnings: Will They Leave Investors Hungry Again?
Beyond Meat (NASDAQ: BYND), a leading maker of plant-based meat substitutes, is slated to report its second-quarter 2022 results on Thursday, Aug. 4, after the market close. An earnings call is scheduled for the same day at 5 p.m. ET.
Investors will probably be approaching the company's upcoming report with caution. Last quarter, it missed Wall Street's consensus earnings estimate, as it did in all four quarters of last year. Moreover, last quarter its revenue also fell short of the analyst expectation, as has generally been the case since the earlier stages of the pandemic.
On the positive side, the second quarter will be the first full quarter in which the company's revenue will benefit from its expanded partnerships with fast-food giants McDonald's and Yum! Brands' Kentucky Fried Chicken.
Source Fool.com
