Beyond Meat's Earnings Report: Three Big Takeaways
Beyond Meat went up and beyond beating analysts' expectations in its quarterly earnings report.
This was the company's first earnings release since it went public in May 2019.
Since its IPO, the stock has jumped 51%.
"We are very pleased with our successful IPO during the month of May and our strong first-quarter financial results that we believe demonstrate mainstream consumers' desire for plant-based meat products in the United States and internationally," said Ethan Brown, Beyond Meat president and CEO.
"Our team continued to scale our business in both retail and foodservice as we benefited from broad-based growth in the first quarter.
Looking ahead, we believe we are in the early stages of achieving the growth that Beyond Meat is capable of as we remain focused on efforts to increase brand awareness, expand our distribution channels, launch additional innovative products, and invest in our infrastructure and capacity to be able to serve a robust global market for plant-based meats," Ethan Brown continued.
To find out what were the three biggest takeaways from Beyond Meat's first earnings call, watch the video above.
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