Beyond Meat, Inc. (BYND) is likely to register a year-over-year top-line decrease when it reports fourth-quarter 2023 earnings on Feb 27. The Zacks Consensus Estimate for quarterly revenues is pegged at $68.4 million, suggesting a decline of 14.5% from the prior-year quarter’s reported figure.The Zacks Consensus Estimate for the fourth-quarter bottom line has been unchanged in the past 30 days at a loss of 82 cents per share. This indicates a 21.9% improvement from a loss of $1.05 per share reported in the ...

Exhibit 99.1 For immediate release ® Beyond Meat Reports Fourth Quarter and Full Year 2023 Financial Results EL SEGUNDO, Calif. — February 27, 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 fourth quarter and full year ended December 31, 2023. 1 Fourth Quarter 2023 Financial Highlights • Net revenues were $73.7 million, a decrease of 7.8% year-over-year. • Gross profit was a loss of $83.9 million ...

Even with the seemingly rising potential for a soft landing, the risk of consumers being pressured by higher prices makes 2024 a time to focus on the thoroughbred stocks with clear trajectories.Beyond Meat (BYND 3.41%) has continually struggled with profitability, and more recently has seen declining overall sales led by the United States market. Altria (MO 1.06%) is the classic example of a company trapped between a rock and hard place. Tobacco isn't as popular as it used to be, and the company's constant ...

Beyond Meat is revamping its signature plant-based burger, hoping that healthier ingredients will help it boost flagging US sales.The El Segundo, California-based company said Wednesday its new Beyond Burger patties and Beyond Beef grounds cut saturated fat by 60% by switching from canola and coconut oils to avocado oil. The new beef products also have less sodium and more protein.The new products go on sale in the US this spring. 3 The latest iteration of the plant-based Beyond Burger. The new beef produ ...

The latest iteration of the Beyond Burger, made with avocado oil and 20% less sodiumBeyond Meat is launching a new version of its plant-based burger in grocery stores this spring, betting that an even healthier version of its burgers will lure back consumers.The unveiling Wednesday comes at a pivotal time for Beyond as a company. The plant-based meat category, once buzzy, has lost consumers' interest. Retail sales of meat alternatives have fallen 33.6% compared with a year ago as of Jan. 28, according to Ci ...

ESG, or environmental, social and governance-driven investing has been one of the hottest trends in investing over the past decade. Investors increasingly want to make money while also making the world a better place. And there’s nothing wrong with that.However, sometimes companies use green imagery to gloss over less appealing parts of their businesses. It’s great when firms can prosper while also making a tangible positive impact in the world.But management teams should never lose sight of the central rea ...

Despite recent economic indicators like GDP and consumer sentiment suggesting resilience in the U.S. economy, that doesn’t mean all consumer stocks are booming right now. In fact, there are plenty that are best described as doomed consumer stocks.For some of these names, macro-related challenges are negatively affecting their operating performance, leading to big price declines, and the risk of further price declines. The economic picture is not quite as rosy in other parts of the world. Even in the U.S., w ...

The stock market rally that kicked into high gear in late 2023 hasn't left investors with many screaming buy opportunities. The tech-heavy Nasdaq Composite is up 37% in the past full year, and the S&P 500 jumped nearly 22% in that time.Value-focused investors like to hunt for stocks that have been left out of these types of rallies in hopes of finding a hidden gem. Previously well-loved stocks can find their way back into Wall Street's good graces, after all, potentially supercharging returns for patient in ...

Several years ago, the idea of vegan stocks may have been laughable. We’re Americans and in America, we eat meat…real meat. That might have been the prevailing attitude and in some regions perhaps, that’s still the case. Nevertheless, thanks to the emerging Generation Z, a food paradigm might be shifting soon.Here are a few facts to consider. First, according to the website Medical Inspiration Daily For Stronger Society (MIDSS), its poll of 3,000 Gen Z individuals (defined as people born between 1997 to 201 ...

Shares of plant-based meat company Beyond Meat (BYND -3.68%) gained 22.1% in December, according to data provided by S&P Global Market Intelligence. The stock was up close to 45% in mid-December before slowly drifting back down, showing that most of the action for Beyond Meat was early in the month. During December, Beyond Meat didn't issue any press releases to investors. And the only filings with the Securities and Exchange Commission (SEC) pertained to stock trades from insiders -- extremely common for a ...