Beyond Meat reports Q1 EPS (10c), consensus (10c)

Reports Q1 revenue $58.21M, consensus $58.08M. Beyond Meat (BYND) President and CEO Ethan Brown commented, “This quarter marked a decisive broadening of our Company aperture to include the rapidly growing functional food and beverage category. Even as we apply our brand, expertise and technology to adjacent markets, we remain highly focused on the performance of our core business, which we believe will deliver substantial long-term value. To this end, we are pleased to report significant operating expense improvement and our lowest quarterly cash use in over two years.”