Beyond Meat Inc is a pioneering company in the food industry that specializes in producing plant-based meat substitutes designed to replicate the taste and texture of traditional meat products
Their innovative offerings cater to consumers looking for alternatives that align with healthier lifestyles and sustainable practices, addressing concerns around environmental impact, animal welfare, and personal health. Beyond Meat develops a range of products, including burgers, sausages, and ground meat, which are available in grocery stores, restaurants, and foodservice operations, aiming to provide a delicious and satisfying experience for both meat-eaters and those reducing their meat consumption.
Shares of plant-based protein company Beyond Meat (NASDAQBYND)
fell 9.4% in the afternoon session after the company reported underwhelming fourth-quarter results: EBITDA missed significantly, and its gross margin fell short of Wall Street's estimates. Adding to the disappointment was guidance, with full-year revenue guidance coming in below expectations.
J.P. Morgan analyst Ken Goldman maintained an Underweight rating on Beyond Meat Inc (NASDAQBYND), citing weaker-than-expected gross margin and revenue guidance. The company's 2025 revenue forecast of $327 million falls short of analysts' expectations. Despite progress in operating expenses, the path to profitability remains uncertain.
Well, this is just plain sad. I haven't looked at Beyond Meat's stock in a while, but it’s down over 99%. It now has a market cap of just a couple hundred million dollars.
The S&P 500 and Nasdaq both slipped into the red, reversing early gains on Thursday, while the Dow Jones remained in positive territory in midday trading.
Plant-based protein company Beyond Meat (NASDAQBYND) announced better-than-expected revenue in Q4 CY2024, with sales up 4% year on year to $76.66 million. On the other hand, the company’s full-year revenue guidance of $327.5 million at the midpoint came in 1.3% below analysts’ estimates. Its non-GAAP loss of $0.65 per share was 44.3% below analysts’ consensus estimates.
Beyond Meat shares are down in premarket trading despite reporting a 4% increase in Q4 sales, reaching $76.66 million. However, the company announced significant workforce reductions, including 44 job cuts in North America and the EU, as part of its cost-cutting strategy to become EBITDA-positive by 2026.
Company achieves second consecutive quarter of year-over-year net revenue growth, meaningful year-over-year gross margin expansion and sizable reduction in operating expenses across 2024
All three major indices were green in midday trading Wednesday as the S&P 500 and Nasdaq 100 looked to snap their four-day losing streaks. NVIDIA Corp.
EL SEGUNDO, Calif., Feb. 12, 2025 (GLOBE NEWSWIRE) -- Beyond Meat, Inc. (NASDAQBYND) (“Beyond Meat” or “the Company”), a leader in plant-based meat, announced today it will report financial results for the fourth quarter and full year ended December 31, 2024 on Wednesday, February 26, 2025 after market close.
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Available in two flavorful varieties, bold and bright Beyond Steak Chimichurri and tangy and sweet Beyond Steak Korean BBQ-Style, the expanded line offers the same juicy, tender, meaty taste as the original Beyond Steak now pre-seasoned
There are songs that no one should sing at karaoke, just as there are stocks that no one should buy. What are some terrible karaoke songs that align with the stocks you must avoid? I’ll give you three.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the perishable food industry, including Pilgrim's Pride (NASDAQPPC) and its peers.
EL SEGUNDO, Calif., Dec. 20, 2024 (GLOBE NEWSWIRE) -- With a mission to positively impact human health, climate change, constraints on natural resources and animal welfare, Beyond Meat, Inc. (NASDAQBYND), a leader in plant-based meat, today released its 2023 ESG Report and announced its Beyond Steak life cycle assessment (LCA) study.
Consumer staples stocks are seen as defensive plays because they’re typically safe havens in turbulent markets.
On the other hand, they usually underperform during bull runs, but the sector has bucked this trend lately as its six-month return of 10.3% has closely followed the S&P 500.
