Beyond margins erode further; Brown predicts turnaround in '24

Beyond Meat's fourth quarter and full year 2023 financial results saw decreases in sales and profits — which were expected, although special charges recognized in the fourth quarter took a bigger bite out of profits than analysts had predicted.

Beyond reported net revenues for the fourth quarter of $73.7 million, a decrease of 7.8% year-over-year, and a net loss of $155.1 million, or $2.40 per common share, compared to net loss of $66.9 million, or $1.05 per common share, in the year-ago…