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Beyond Meat (MEX:BYND) Gross Margin % : 14.72% (As of Jun. 2024)


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What is Beyond Meat Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Beyond Meat's Gross Profit for the three months ended in Jun. 2024 was MXN251 Mil. Beyond Meat's Revenue for the three months ended in Jun. 2024 was MXN1,707 Mil. Therefore, Beyond Meat's Gross Margin % for the quarter that ended in Jun. 2024 was 14.72%.


The historical rank and industry rank for Beyond Meat's Gross Margin % or its related term are showing as below:

MEX:BYND' s Gross Margin % Range Over the Past 10 Years
Min: -39.01   Med: 7.16   Max: 33.49
Current: -23.2


During the past 8 years, the highest Gross Margin % of Beyond Meat was 33.49%. The lowest was -39.01%. And the median was 7.16%.

MEX:BYND's Gross Margin % is ranked worse than
98.32% of 1844 companies
in the Consumer Packaged Goods industry
Industry Median: 25.29 vs MEX:BYND: -23.20

Beyond Meat had a gross margin of 14.72% for the quarter that ended in Jun. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Beyond Meat was 0.00% per year.


Beyond Meat Gross Margin % Historical Data

The historical data trend for Beyond Meat's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Beyond Meat Gross Margin % Chart

Beyond Meat Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial 33.49 30.06 25.24 -5.67 -24.07

Beyond Meat Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.23 -9.63 -113.82 4.85 14.72

Competitive Comparison of Beyond Meat's Gross Margin %

For the Packaged Foods subindustry, Beyond Meat's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Beyond Meat's Gross Margin % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Beyond Meat's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Beyond Meat's Gross Margin % falls into.



Beyond Meat Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Beyond Meat's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )=Gross Profit (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=-1403 / 5828.549
=(Revenue - Cost of Goods Sold) / Revenue
=(5828.549 - 7231.555) / 5828.549
=-24.07 %

Beyond Meat's Gross Margin for the quarter that ended in Jun. 2024 is calculated as


Gross Margin % (Q: Jun. 2024 )=Gross Profit (Q: Jun. 2024 ) / Revenue (Q: Jun. 2024 )
=251.3 / 1707.159
=(Revenue - Cost of Goods Sold) / Revenue
=(1707.159 - 1455.862) / 1707.159
=14.72 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Beyond Meat  (MEX:BYND) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Beyond Meat had a gross margin of 14.72% for the quarter that ended in Jun. 2024 => No sustainable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Beyond Meat Gross Margin % Related Terms

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Beyond Meat Business Description

Address
119 Standard Street, El Segundo, CA, USA, 90245
Beyond Meat Inc is a provider of plant-based meat company offering a portfolio of revolutionary plant-based meats. It builds meat directly from plants, an innovation that enables consumers to experience the taste, texture and other sensory attributes of popular animal-based meat products while enjoying the nutritional and environmental benefits of eating plant-based meat product It has products such as burgers, sausage, ground beef, jerky, meatballs and chicken. The company generates revenue from sales of its products to the customers across mainstream grocery, mass merchandiser, club store, convenience store and natural retailer channels, and various food-away-from-home channels, including restaurants, foodservice outlets and schools, mainly in the United States.