Beyond Meat Reports Q1 Earnings Beat

Beyond Meat BYND reported quarterly earnings of 3 cents per share on Tuesday, which beat the analyst consensus estimate by 9 cents. This is a 121.43% increase over losses of 14 cents per share from the same period last year.

The company reported quarterly sales of $97.1 million, which beat the analyst consensus estimate of $86.43 million by 12.35%. This is a 141.51% increase over sales of $40.206 million the same period last year.

Beyond Meat suspended guidance and said "the company continues to expect to benefit from food-at-home consumer demand in its retail channel."

Beyond Meat shares were trading up 5.4% at $105.58 in Tuesday’s after-hours session.

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