Beyond Meat Shelves Full-Year Outlook After $7M Hit — CEO Warns Of 'Unforeseen' Economic Headwinds, But Downplays Tariff Threat

Rishabh Mishra

Thu, May 8, 2025, 3:39 AM 3 min read

Beyond Meat Inc. (NASDAQ:BYND) missed expert expectations successful the archetypal 4th of the ongoing fiscal twelvemonth and withdrew its full-year gross guidance, citing the ongoing economical uncertainties. However, the CEO forecasted a “relatively minimal” tariff interaction connected the firm.

What Happened: The plant-based nutrient institution withdrew its full-year guidance and constricted its revised outlook to the 2nd 4th nett gross expectations only.

“As with galore different companies, we are experiencing an elevated level of uncertainty successful our operating situation arsenic a effect of the uncertain and volatile macroeconomic conditions, which could person unforeseen impacts connected our existent realized results,” said the CEO, Lubi Kutua.

Meanwhile, portion addressing tariff interaction questions from the analysts during its net call, Kutua said, “We’ve done immoderate investigation to effort to recognize what the implications mightiness be. Look, there’s nary guarantees, but I deliberation astatine this point, we deliberation the nonstop interaction connected our concern is comparatively minimal.”

The institution incurred bonzer oregon transient expenses worthy $7 cardinal during the archetypal quarter, which included expenses related to the suspension of its operational activities successful China.

“Gross nett and gross borderline included astir $5.2 cardinal of bonzer charges related to circumstantial strategical inventory simplification initiatives and expenses related to the suspension of our operational activities successful China,” said the CEO.

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View much net connected BYND

Why It Matters: Beyond Meat reported gross of $68.73 million, which fell abbreviated of the estimated $75.01 million, aft the marketplace closed connected Wednesday. The institution besides reported an adjusted nonaccomplishment of 67 cents per share, exceeding the anticipated nonaccomplishment of 48 cents.

At the adjacent of the archetypal quarter, Beyond Meat held $115.8 cardinal successful cash, currency equivalents, and restricted cash, portion its full outstanding indebtedness stood astatine $1.1 billion.

Beyond Meat expects second-quarter nett gross to beryllium successful the scope of $80 cardinal to $85 cardinal versus estimates of $93.47 million, according to Benzinga Pro.

BYND shares person fallen by 34.03% connected a year-to-date ground and 69.06% implicit a year. On Wednesday, the shares ended astatine $2.54 apiece and dropped by 4.72% successful after-hours. Meanwhile, the Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), tracking the Nasdaq 100 index, roseate 0.39% successful the aforesaid session. The banal was 1.97% little successful premarket connected Thursday.

Benzinga Edge Stock Rankings shows that BYND had a weaker terms inclination implicit the short, medium, and agelong term. Its momentum ranking was weaker astatine 5.12th percentile, whereas its worth ranking was besides mediocre astatine 32.41th percentile; the details of different metrics are available here.