Is Beyond Meat (BYND 1.30%) a future feast or a financial famine? Once celebrated as a trailblazer in the plant-based meat revolution, the company has seen its share price shrivel by over 95% since 2021, a blaring distress signal in a young and volatile industry.Digging through Beyond Meat's financials and ongoing attempts to transform the global food landscape reveals a business with deep-seated issues -- from dwindling sales to persistent profitability challenges -- that keep this stock off my shopping li ...

Beyond Meat, Inc. (NASDAQ:BYND) Q3 2023 Earnings Conference Call November 8, 2023 5:00 PM ET Company Participants Paul Shepherd - Investor Relations Ethan Brown - Founder, President and Chief Executive Officer Lubi Kutua - Chief Financial Officer and Treasurer Conference Call Participants Alexia Howard - Bernstein Ben Theurer - Barclays Adam Samuelson - Goldman Sachs Peter Saleh - BTIG Michael Lavery - Piper Sandler Operator Good day and welcome to Beyond Meat, Inc. 2023 Third Quarter Conference Call. [Oper ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each classTrading Symbol(s) Name of each exchange on which registered Common Stock, $0.0001 par value BYND The Nasdaq Stock Market LLC FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commiss ...

Beyond Meat, Inc. (NASDAQ:BYND) Q2 2023 Earnings Conference Call August 7, 2023 7:00 PM ET Company Participants Paul Sheppard - VP, FP&A, IR Ethan Brown - Founder, President & CEO Lubi Kutua - CFO & Treasurer Conference Call Participants Adam Samuelson - Goldman Sachs Peter Galbo - Bank of America Merrill Lynch Ken Goldman - JPMorgan Robert Moskow - TD Cowen Peter Saleh - BTIG Ben Theurer - Barclays Michael Lavery - Piper Sandler Rob Dickerson - Jefferies Andrew Strelzik - BMO Capital Markets Operator ...

Financial Data and Key Metrics Changes - Net revenues for Q1 2023 were $92.2 million, a decrease of 16% year-over-year but a 15% sequential increase from Q4 2022, marking the strongest Q4 to Q1 percentage increase since Q1 2019 [21][14] - Gross profit was $6.2 million, representing 6.7% of net revenues, compared to $0.2 million or 0.2% in the same period last year [23] - Operating expenses decreased by approximately 35% year-over-year to $63.9 million, driven by lower marketing expenses and reduced non-production headcount expenses [25] - Net loss for Q1 2023 was $59 million, or a net loss per share of $0.92, compared to a net loss of $100.5 million or $1.58 per share in the prior year [26] - Adjusted EBITDA loss was $45.8 million, or -49.6% of net revenues, an improvement from a loss of $78.9 million or -72.1% in the year-ago period [26] Business Line Data and Key Metrics Changes - In U.S. retail grocery, the company is focusing on restoring growth in refrigerated offerings, which faced significant year-over-year challenges [9] - The frozen category saw unit sales grow by 20.3% and dollar sales increase by 28.8% sequentially from Q4 2022, and year-over-year, units grew by 31.5% and dollars by 36.4% [11] - International retail net revenues increased by 31%, while international foodservice net revenues jumped by 45% quarter-over-quarter [14] Market Data and Key Metrics Changes - The U.S. plant-based meat sector is experiencing demand weakness due to inflationary pressures driving consumers towards lower-priced animal protein [21] - The company noted a decline in household penetration from 27.8% to 25.5%, attributed to macroeconomic factors and increased competition in the plant-based category [42] Company Strategy and Development Direction - The company is focused on three central tenets: margin expansion and OpEx reduction, cash flow accretive inventory management, and prioritizing near-term growth opportunities [5] - A new generation of burger products is set to launch, emphasizing taste and sensory profile improvements [16] - The company aims to achieve price parity with animal protein while maintaining a focus on total profit dollars rather than percentage margins [68] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving cash flow positive operations in the second half of 2023, emphasizing the importance of inventory management and gross margin improvement [34][36] - The company anticipates a more muted sequential increase in revenues from Q1 to Q2 due to tough year-ago comparisons and ongoing macroeconomic challenges [21] - Management highlighted the importance of clear communication regarding health benefits and taste to re-engage consumers [58] Other Important Information - The company has established a $200 million at-the-market equity facility to bolster cash reserves, indicating a proactive approach to financing [38] - A change in accounting estimate regarding the useful lives of manufacturing equipment positively impacted gross margin guidance for the full year [30][51] Q&A Session All Questions and Answers Question: Can you prioritize the levers to return to cash flow positive in the second half of the year? - Management identified four levers: net revenue, margin, OpEx, and freeing up cash from inventory, with a strong focus on inventory management as a source of cash [34] Question: Can you elaborate on the decision to pursue the $200 million at-the-market equity facility? - The facility is intended to bolster cash reserves and will be used opportunistically, not as an immediate cash need [39] Question: What are the sales trends in U.S. retail and International Foodservice? - U.S. retail faced challenges, while International Foodservice saw significant growth, with no load-in factors affecting the positive results [53][60] Question: How do you balance moves to price parity while protecting near-term margin growth? - The focus is on total profit dollars rather than percent margin, emphasizing volume through strategic pricing programs [68]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.0001 par value BYND The Nasdaq Stock Market LLC FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File ...

Beyond Meat, Inc. (NASDAQ:BYND) Q4 2022 Earnings Conference Call February 23, 2023 5:00 PM ET Company Participants Teri Witteman - Chief Legal Officer and Secretary Ethan Brown - Founder, President and Chief Executive Officer Lubi Kutua - Chief Financial Officer and Treasurer Conference Call Participants Ken Goldman - JPMorgan Peter Galbo - Bank of America Robert Moskow - Credit Suisse Jon Andersen - William Blair Adam Samuelson - Goldman Sachs Michael Lavery - Piper Sandler Peter Saleh - BTIG Operator Good ...

Beyond Meat, Inc. (NASDAQ:BYND) Q3 2022 Earnings Conference Call November 9, 2022 5:00 PM ET Company Participants Teri Witteman - Chief Legal Officer & Secretary Ethan Brown - Founder, President & Chief Executive Officer Lubi Kutua - Chief Financial Officer and Treasurer Conference Call Participants Alexia Howard - Bernstein Adam Samuelson - Goldman Sachs Robert Moskow - Credit Suisse Cody Ross - UBS Peter Saleh - BTIG Michael Lavery - Piper Sandler Rupesh Parikh - Oppenheimer Peter Galbo - Bank of America ...

Beyond Meat, Inc. (NASDAQ:BYND) Q2 2022 Earnings Conference Call August 4, 2022 5:00 PM ET Company Participants Lubi Kutua - Vice President of Financial Planning & Analysis & Investor Relations Ethan Brown - Founder, President & Chief Executive Officer Phil Hardin - Chief Financial Officer & Treasurer Conference Call Participants Alexia Howard - Bernstein Peter Galbo - Bank of America Adam Samuelson - Goldman Sachs Ben Theurer - Barclays Rupesh Paris - Oppenheimer Robert Moskow - Credit Suisse Ken Goldman - ...