Overview

• First-quarter revenue fell 18% year-over-year, slightly above analyst expectations at $75.6 million.
• U.S. and international sales weakened, particularly in fast food partnerships like McDonald's plant-based McNuggets.
• Net loss improved slightly to $54.4 million, but the company still missed earnings per share estimates.
• Beyond Meat forecasts a modest revenue increase in Q2 but remains cautious amid economic uncertainties.
• Stock value has plummeted 95% since January 2021, underperforming against broader market indices.