Beyond Meat Is Planning to Invest in Growth in 2020
After the markets closed on Thursday, Beyond Meat (NASDAQ: BYND) reported fourth-quarter and full-year 2019 results. In Q4, revenue surged 212% year over year to $98.5 million, bringing full-year revenue to $297.9 million. These results easily surpassed analyst estimates by $17 million. For the quarter, the company also reported a $0.01 loss per share. It lost $0.29 per share on the year.
Beyond Meat's guidance for 2020 calls for revenue to grow to a range of $490 million to $510 million, good for 64% to 71% annual growth. Instead of net income guidance, the company prefers to give adjusted EBITDA guidance, which it expects to be 9.7% of net revenue in 2020 (in line with 2019), which would be $48 million to $49 million.
Image source: Beyond Meat.
Source Fool.com
