Beyond Meat, Inc. (NASDAQ:BYND) Q1 2024 Earnings Conference Call May 8, 2024 5:00 PM ET Company Participants Paul Shepherd - VP, FP&A & IR Ethan Brown - Founder, President & CEO Lubi Kutua - CFO & Treasurer Conference Call Participants Alexia Howard - Bernstein Ben Theurer - Barclays Adam Samuelson - Goldman Sachs Ken Goldman - JPMorgan Michael Lavery - Piper Sandler Daniel Gold - BMO Peter Saleh - BTIG Robert Moskow - TD Cowen Operator Welcome to the Beyond Meat 2024 First Quarter Conference Call. All part ...

Beyond Meat (BYND) came out with a quarterly loss of $0.72 per share versus the Zacks Consensus Estimate of a loss of $0.68. This compares to loss of $0.92 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.88%. A quarter ago, it was expected that this plant-based meat company would post a loss of $0.82 per share when it actually produced a loss of $0.92, delivering a surprise of -12.20%.Over the last four quarters, the compan ...

Exhibit 99.1 For immediate release ® Beyond Meat Reports First Quarter 2024 Financial Results EL SEGUNDO, Calif. — May 8, 2024 (GLOBE NEWSWIRE)—Beyond Meat, Inc. (NASDAQ: BYND) ("Beyond Meat" or "the Company"), a leader in plant-based meat, today reported financial results for its first quarter ended March 30, 2024. First Quarter 2024 Financial Highlights 1 • Net revenues were $75.6 million, a decrease of 18.0% year-over-year. • Gross profit was $3.7 million, or gross margin of 4.9%, compared to gross profi ...

CHICAGO, ILLINOIS - FEBRUARY 29: Beyond Meat products are offered for sale at a grocery store on ... [+] February 29, 2024 in Chicago, Illinois. Beyond Meat experienced a surge in it's stock price of Tuesday after the maker of plant-based meat substitutes topped market expectations for fourth-quarter revenue. (Photo by Scott Olson/Getty Images)Getty ImagesBeyond Meat stock (NASDAQ NASDAQ : BYND), a plant-based meat alternative company, is scheduled to report its fiscal first-quarter results on Wednesday, Ma ...

Volatility is rising in the stock market. Between the recent hot inflation data and mounting geopolitical tensions, investors are starting to reassess the broader economic environment. It seems that the Federal Reserve might not come through with previously anticipated interest rate cuts. This, in turn, has the potential to greatly reduce the speculative juices in the stock market. Throw in some softness in leading AI stocks, and the market’s red flags are mounting.Investors should be repositioning their po ...

As concerns about a global recession grow, it might be wise to consider divesting from certain Nasdaq stocks to sell. The Nasdaq is known for hosting a range of innovative tech companies. However, not all of these align with traditional market strengths. Specifically, some publicly traded companies on the exchange present a dual challenge: they are both high-risk and overvalued.Given that the topic of selling Nasdaq stocks can be sensitive, I will focus this discussion on financial data. You might not agree ...

Beyond Meat produces meat alternatives, while Hormel's business is focused on traditional protein. Only one of these companies currently makes money.If you are the type of investor who likes to buy certain stocks when everyone else is selling them, then you will probably find Beyond Meat (BYND 0.16%) and Hormel Foods (HRL 1.05%) interesting. The problem with investing when there is so-called "blood in the streets," however, is making sure that you're not buying a company facing a very real risk of dying. Wi ...

Core Insights - Beyond Meat has launched its fourth generation of Beyond Burger and Beyond Beef, which are described as the most significant renovation in the company's history, focusing on improved taste and nutrition [1][4][6] Product Features - The new products contain 21g of plant-based protein per serving and only 2g of saturated fat, achieved by using heart-healthy avocado oil, which also enhances flavor [1][3][4] - The ingredient list has been simplified, with a 20% reduction in sodium compared to previous versions, and the removal of coconut and canola oils [3][4] - Consumer testing indicated a preference for the new flavor and texture, with 94% of registered dietitians at a recent conference enjoying the taste and recommending the product [1][2][3] Health Certifications - The new Beyond Burger and Beyond Beef have been recognized by leading health organizations, including the American Diabetes Association and the American Heart Association, for their nutritional benefits [4][5] - The products have also received the Good Housekeeping Nutritionist Approved Emblem and are the first plant-based meats to be Clean Label Project Certified [4] Marketing and Availability - The new products are being marketed with eye-catching gold packaging and are available at major grocery chains across the U.S., including Walmart and Whole Foods [1][7] - Beyond Meat is committed to improving human health and has established a multi-year agreement with the American Cancer Society to research plant-based meat and cancer prevention [6]

Progress may be more challenging for the company than some investors realize.Beyond Meat (BYND -3.91%) went from new industry darling to beaten-down stock over the past few years, and its shares are down a staggering 97% from the high they set soon after the 2019 IPO.The company has been reporting quarter after quarter of declining sales and steep losses, but investors cheered its fourth-quarter earnings report, sending the stock as much as 60% higher. Those gains were short-lived, however, and Beyond Meat ...

In 2023, consumer staples stocks were down a collective 6.5%, vastly underperforming the broader market. That has made investors bullish about the sector in 2024. As the story typically goes, a sector that underperforms one year often outperforms the next year. However, short interest creates a plot twist that may keep this sector down. At least, that seems to be the case for some consumer staples stocks that short sellers are targeting.  Storytellers frequently use foreshadowing to hint at future developme ...