Beyond Meat (Beyond Meat) Gross Margin % : -113.82% (As of Dec. 2023)

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What is Beyond Meat Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Beyond Meat's Gross Profit for the three months ended in Dec. 2023 was $-83.9 Mil. Beyond Meat's Revenue for the three months ended in Dec. 2023 was $73.7 Mil. Therefore, Beyond Meat's Gross Margin % for the quarter that ended in Dec. 2023 was -113.82%.

The historical rank and industry rank for Beyond Meat's Gross Margin % or its related term are showing as below:

BYND' s Gross Margin % Range Over the Past 10 Years
Min: -39.01 Med: 7.16 Max: 33.49
Current: -24.07

During the past 8 years, the highest Gross Margin % of Beyond Meat was 33.49%. The lowest was -39.01%. And the median was 7.16%.

BYND's Gross Margin % is ranked worse than
98.4% of 1807 companies
in the Consumer Packaged Goods industry
Industry Median: 25.03 vs BYND: -24.07

Beyond Meat had a gross margin of -113.82% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Beyond Meat was 0.00% per year.

Beyond Meat Gross Margin % Historical Data

The historical data trend for Beyond Meat's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Beyond Meat Gross Margin % Chart

Beyond Meat Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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33.49

30.06

25.24

-5.67

-24.07

Beyond Meat Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															-3.67	6.71	2.23	-9.63	-113.82

Competitive Comparison of Beyond Meat's Gross Margin %

For the Packaged Foods subindustry, Beyond Meat's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Beyond Meat's Gross Margin % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Beyond Meat's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Beyond Meat's Gross Margin % falls into.

Beyond Meat Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Beyond Meat's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	-82.7	/	343.376
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(343.376 - 426.031)	/	343.376
	=	-24.07 %

Beyond Meat's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	-83.9	/	73.679
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(73.679 - 157.538)	/	73.679
	=	-113.82 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Beyond Meat (NAS:BYND) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Beyond Meat had a gross margin of -113.82% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Beyond Meat Gross Margin % Related Terms

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Beyond Meat (Beyond Meat) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Beyond Meat Inc (NAS:BYND) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

BYND:Mexico 1BYND:Italy 0Q3:Germany 0Q3:Germany 0Q3:Germany 0Q3:Germany B2YN34:Brazil BYND:Austria

Address

119 Standard Street, El Segundo, CA, USA, 90245

Website

https://www.beyondmeat.com

Beyond Meat Inc is a provider of plant-based meats, such as burgers, sausage, ground beef, and chicken. Unlike other vegetarian products, Beyond Meat seeks to replicate the look, cook, and taste of meat targeted to omnivores and vegetarians alike and is sold in the meat case. The products are widely available across the U.S. and Canada and in 83 additional countries as well. International revenue represented 31% of 2021 sales. The firm's products are available in retail stores and the food service channel. In 2019, before the pandemic struck, sales were evenly split between these two channels, although the mix stood at 70% retail/30% food service in 2021. We think the recovery from the crisis and new deals with McDonald's and Yum Brands will return food-service sales to 50% in time.

Executives

Chad M Peffer	officer: Interim Chief Growth Officer	C/O BEYOND MEAT, INC., 888 N. DOUGLAS STREET, SUITE 100, EL SEGUNDO CA 90245
C James Koch	director	C/O THE BOSTON BEER COMPANY, ONE DESIGN CENTER PLACE, SUITE 850, BOSTON MA 02210
Akerho Oghoghomeh	officer: See Remarks	C/O BEYOND MEAT, INC., 119 STANDARD STREET, EL SEGUNDO CA 90245
Dariush Ajami	officer: Chief Innovation Officer	C/O BEYOND MEAT, INC., 1325 E. EL SEGUNDO BLVD., EL SEGUNDO CA 90245
Lubi Kutua	officer: CFO, Treasurer	C/O BEYOND MEAT, INC., 119 STANDARD STREET, EL SEGUNDO CA 90245
Beth Moskowitz	officer: Chief Creative Officer	C/O BEYOND MEAT, INC., 119 STANDARD STREET, EL SEGUNDO CA 90245
Sharman Robert M Jr	officer: See Remarks	C/O BEYOND MEAT, INC., 119 STANDARD STREET, EL SEGUNDO CA 90245
Henry Dieu	officer: See Remarks.	C/O BEYOND MEAT, INC., 119 STANDARD STREET, EL SEGUNDO CA 90245
Brad Hiranaga	officer: SEE REMARKS	C/O BEYOND MEAT, INC., 119 STANDARD STREET, EL SEGUNDO CA 90245
Jay Colleen	director	C/O THE COOPER COMPANIES, INC., 6140 STONERIDGE MALL ROAD, SUITE 590, PLEASANTON CA 94588
Diane Carhart	director	C/O BEYOND MEAT, INC., 1325 E. EL SEGUNDO BLVD., EL SEGUNDO CA 90245
Teri L Witteman	officer: General Counsel, Secretary	20333 S. NORMANDIE AVE, TORRANCE CA 90502
George Bernard Adcock	officer: Chief Suppy Chain Officer	C/O BEYOND MEAT, INC., 119 STANDARD ST., EL SEGUNDO CA 90245
Douglas Wayne Ramsey	officer: Chief Operating Officer	C/O BEYOND MEAT, INC., 119 STANDARD STREET, EL SEGUNDO CA 90245
Jonathan P Nelson	officer: Interim COO	C/O BEYOND MEAT, INC., 119 STANDARD STREET, EL SEGUNDO CA 90245