Although Beyond Meat's financial results for 4Q 2022 were down in many key measures, the company did better than analysts' consensus of expectations and appears set for a survivable — not spectacular — 2023.
Beyond Meat this afternoon reported revenues in the fourth quarter of 2022 of $79.9 million, a drop of 20.6% from the same period in 2021; analysts, however were expecting a decrease of 24.7% for the period, to $75.8 million. Earnings per share for the quarter came in at -$1.05,…