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Beyond Meat reports Q3 EPS (41c), consensus (44c)

Reports Q3 revenue $81.0M, consensus $80.71M. Beyond Meat (BYND) President and CEO Ethan Brown commented, “We are pleased to report that in the third quarter we returned to growth, increasing net revenues on a year-over-year basis, while continuing to expand gross margin and reduce operating expenses on both a sequential and year-over-year basis. Looking ahead, we expect to increase our cash reserves by year-end and pursue further balance sheet restructuring in 2025.”

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