Exhibit 99.1
image_01a.jpg

For immediate release
Beyond Meat® Reports Fourth Quarter and Full Year 2020 Financial Results
Strong Retail Channel Net Revenues up 85% Year-Over-Year, Offset by Continued
Impact of COVID-19 on Foodservice Channel Net Revenues, down 54% Year-Over-Year

EL SEGUNDO, Calif.— February 25, 2020 (GLOBE NEWSWIRE)—Beyond Meat, Inc. (NASDAQ: BYND) (“Beyond Meat” or “the Company”), a leader in plant-based meat, today reported financial results for its fourth quarter and full year ended December 31, 2020.
Fourth Quarter 2020 Financial Highlights1
Net revenues were $101.9 million, an increase of 3.5% year-over-year.
Gross profit was $25.4 million, or gross margin of 24.9% of net revenues; Adjusted gross profit was $29.1 million, or Adjusted gross margin of 28.5% of net revenues, reflecting exclusion of expenses attributable to COVID-19.
Net loss was $25.1 million, or $0.40 per common share; Adjusted net loss was $21.4 million, or $0.34 per common share, reflecting exclusion of expenses attributable to COVID-19.
Adjusted EBITDA was a loss of $9.5 million, or -9.3% of net revenues.
Full Year 2020 Financial Highlights1
Net revenues were $406.8 million, an increase of 36.6% year-over-year.
Gross profit was $122.3 million, or gross margin of 30.1% of net revenues; Adjusted gross profit was $133.7 million, or Adjusted gross margin of 32.9% of net revenues, reflecting exclusion of expenses attributable to COVID-19.
Net loss was $52.8 million, or $0.85 per common share; Adjusted net loss was $37.1 million, or $0.60 per common share, reflecting exclusion of expenses attributable to COVID-19.
Adjusted EBITDA was $11.8 million, or 2.9% of net revenues.
Beyond Meat President and CEO Ethan Brown commented, "I am proud of our 2020 achievements in light of the significant challenges we faced, primarily in our foodservice channel, as a result of the COVID-19 pandemic. For the full year, we grew total net revenues 37%, with sales to retail customers more than doubling versus the prior year."
1 This release includes references to non-GAAP financial measures. Refer to “Non-GAAP Financial Measures” later in this release for the definitions of the non-GAAP financial measures presented and a reconciliation of these measures to their closest comparable GAAP measures.



The following information was filed by Beyond Meat, Inc. (BYND) on Thursday, February 25, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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