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Beyond Meat Sees FY24 Revenue $320M-$340M Vs $322.5M Estimate

Author: Benzinga Newsdesk | August 07, 2024 04:18pm

2024 Outlook

Based on management's best assessment of the environment today, the Company is updating its outlook for the full year 2024:

  • Net revenues are expected to be in the range of $320 million to $340 million.
  • Gross margin is expected to be in the mid-teens range.
  • Operating expenses, excluding the $7.5 million expense related to the consumer class action settlement accrued in the first quarter of 2024, are expected to be in the range of $180 million to $190 million.
  • Capital expenditures are expected to be in the range of $15 million to $20 million.

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