Beyond Meat sees FY23 revenue $375M-$415M, consensus $394.2M

Gross margin for FY23 is expected to be in the low double-digit range, increasing sequentially throughout the year. Operating expenses are expected to be approximately $250M, weighted slightly more towards the first half of the year. Capital expenditures are expected to be in the range of $30M-$35M. The company continues to target achievement of cash flow positive operations within the second half of 2023.