Beyond Meat, Inc. (NASDAQ:BYND), a leading producer of plant-based meat alternatives, saw its shares decline by 5.62% in after-hours trading on Wednesday. The sell-off came after the company reported its fourth-quarter 2024 financial results, which revealed a mixed performance and a lackluster outlook, weighing on investor sentiment.
For the fourth quarter, Beyond Meat's revenue reached $76.66 million, narrowly surpassing the consensus estimate of $75.31 million. However, the company's adjusted earnings per share (EPS) of -$0.65 fell short of analysts' expectations of -$0.44, suggesting continued profitability challenges despite top-line growth.
Further concerning investors, Beyond Meat's full-year 2025 revenue guidance ranged from $320 million to $335 million, trailing analysts' projections of $337.6 million. This disappointing outlook, coupled with the Q4 earnings miss, raised concerns about the company's ability to navigate persistent demand headwinds and inflationary pressures.
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