Beyond Meat (BYND) Q4 2022 earnings

Vegetarian sausages from Beyond Meat Inc, the vegan burger maker, are shown for sale at a market in Encinitas, California, June 5, 2019.

Mike Blake | Reuters

Beyond Meat on Thursday reported a narrower-than-expected loss for its fourth quarter, despite its sales sinking more than 20%.

Shares of the company climbed 14% in after-hours trading.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

  • Loss per share: $1.05 vs. $1.18 expected
  • Revenue: $79.9 million vs. $75.7 million expected

For the fourth quarter, Beyond reported a net loss of $66.9 million, or $1.05 per share, narrower than a net loss of $80.4 million, or $1.27 per share, a year earlier.

Net sales dropped 20.6% to $79.9 million.

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