Analyzing Segment Revenue Disclosures from Quarterly Data

Reference no: EM132659190

Question - Analyzing Segment Revenue Disclosures from Quarterly Data

Beyond Meat disclosed the following in its Form 10 Q for the first quarter ended March 30, 2019. The company had its initial public offering (IPO) in May 2019.

The Company's net revenues by platform and channel are included in the tables below:

For Three Months Ended (in thousands) March 30, 2019 March 31, 2018

Net revenues Fresh platform $34,537 $9,596

Frozen platform 4,512 4,226

Less: discounts (2,770) (1,568)

Net revenues $36,279 $12,254

For Three Months Ended (in thousands) March 30, 2019March 31, 2018

Net revenues Retail $17,921 $8,766

Restaurant and food service 18,358 3,488

Net revenues $36,279 $12,254

Two distributors each accounted for approximately 21% of the Company's gross revenues in the three months ended March 30, 2019; and three distributors accounted for approximately 34%, 14% and 11%, respectively, of the Company's gross revenues in the three months ended March 31, 2018.

Required -

a. Calculate the average discount given to customers for the two quarters presented.

b. What do we observe about the level of the discounts across the two quarters?

c. Beyond Meat's revenue grew tremendously between March 2018 and March 2019. Determine growth rates for each of the platforms and channels disclosed (Fresh, Frozen, Retail, and Restaurant).

Note: Round percentage (your final answer) to the nearest whole percentage point.

Reference no: EM132659190

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