巴克莱将Beyond Meat的目标价从2美元下调至1美元，维持"减持"评级。(格隆汇) ...

Core Insights - Beyond Meat, Inc. (BYND) reported a decline in both revenue and earnings for the third quarter of 2025, with net sales of $70.2 million, a 13.3% decrease year over year, while adjusted loss per share was 47 cents, wider than the consensus estimate of 41 cents [1][3][9] Financial Performance - The company's net sales of $70.2 million exceeded the consensus estimate of $69 million but represented a 13.3% decline year over year, primarily due to a 10.3% reduction in product volume and a 3.5% decrease in net revenues per pound [3][9] - Gross profit fell to $7.2 million from $14.3 million in the prior year, with gross margin contracting 740 basis points to 10.3% due to higher costs and lower revenues per pound [5][9] - SG&A expenses decreased by 4.7% to $37.2 million, but as a percentage of net sales, it increased to 53% [7] Revenue Breakdown by Channel - U.S. retail channel net revenues fell 18.4% to $28.5 million, driven by a 12.6% drop in sales volume and a 6.6% decrease in net revenues per pound [8] - U.S. foodservice channel revenues declined 27.3% to $10.5 million, primarily due to a 27.1% decrease in product volume [10] - International retail channel revenues slipped 4.6% to $15.8 million, with a 12.5% fall in product volume partially offset by a 9.1% rise in net revenues per pound [11] - International foodservice channel revenues rose 2.4% to $15.3 million, supported by a 4.4% increase in sales volume [12] Strategic Initiatives - The company is focusing on transformation initiatives, including significant cost reductions, gross margin expansion, and targeted growth opportunities, while expressing confidence in its long-term recovery [2] - Beyond Meat expects fourth-quarter 2025 net revenues between $60 million and $65 million, indicating continued weak demand in the plant-based meat category [14] Cash and Debt Position - As of the end of the third quarter, Beyond Meat had $131.1 million in cash and cash equivalents, with total outstanding debt of $1.2 billion [13]

Beyond Meat Inc. (NASDAQ: BYND) has entered a flat spin and is poised to be destroyed as it hits its bottom. ...

Group 1 - The article does not provide any specific content related to a company or industry [1]

PresentationI would like to remind all participants that this call is being recorded. I will now hand over to the CEO of Vesuvius plc, Patrick Andre, to open the presentation. Please go ahead.Patrick AndréCEO & Executive Director Good morning, everyone. My name is Patrick Andre. I'm the Chief Executive Officer of Vesuvius. I'm joined this morning by Mark Collis, our Chief Financial Officer. Today, we will talk about our trading performance from the 1st of July to the 31st of October this year and our outloo ...

Financial Data and Key Metrics Changes - Total net revenues decreased by 13.3% to $70.2 million in Q3 2025 compared to $81 million in the year-ago period, primarily driven by a 10.3% decrease in the volume of products sold and a 3.3% decrease in net revenue per pound [20][21] - Gross margin fell to 10.3% in Q3 2025 from 17.7% in the year-ago period, impacted by lower volumes and higher trade discounts [8][26] - Net loss was $110.7 million in Q3 2025 compared to $26.6 million in the year-ago period, with net loss per common share increasing to $1.44 from $0.41 [30][31] Business Line Data and Key Metrics Changes - U.S. retail net revenues decreased by 18.4% to $28.5 million, driven by a 12.6% decrease in volume and a 6.6% decrease in net revenue per pound [23] - U.S. food service net revenues decreased by 27.3% to $10.5 million, primarily due to a 27.1% decrease in volume [24] - International retail net revenues decreased by 4.6% to $15.8 million, with a 12.5% decrease in volume partially offset by a 9.1% increase in net revenue per pound [24][25] Market Data and Key Metrics Changes - The plant-based meat category continues to face general softness, with two of the top three markets in the EU also experiencing year-over-year declines [22] - The U.S. market is seeing reduced points of distribution and weak category demand, impacting overall sales [22][23] Company Strategy and Development Direction - The company is focused on a turnaround strategy, including addressing misinformation about plant-based meats, rebuilding distribution, and reducing operating expenses [10][15][17] - New product innovations, such as Beyond Chicken Pieces and the Beyond Test Kitchen, are aimed at enhancing consumer engagement and product visibility [11][12][14] - The company is targeting a gross profit margin of over 30% and aims to achieve EBITDA-positive operations as soon as possible [31][40] Management's Comments on Operating Environment and Future Outlook - Management expressed disappointment with the current quarter's results but emphasized ongoing efforts to reset the business for sustainable growth [6][19] - The macroeconomic environment remains challenging, making it difficult to forecast operating results beyond a limited horizon [33] - The company anticipates net revenues in Q4 2025 to be in the range of $60 million to $65 million, reflecting ongoing demand weakness [33] Other Important Information - The company successfully reduced debt levels by approximately $900 million, nearly 75% of total leverage, and extended the maturity of most of its debt profile [6][34] - Cash and cash equivalents were $131.1 million as of September 27, 2025, with net cash used in operating activities increasing to $98.1 million for the nine months ended September 27, 2025 [31][32] Q&A Session Summary Question: What is currently holding the company back from achieving higher gross profit margins? - Management indicated that lower top-line revenue is the main drag on margins, along with higher material costs and the impact of a depreciation charge related to China operations [38][39] Question: Can you provide an update on the cash balance following recent financing activities? - Management noted that the cash balance would include proceeds from the ATM program, but specific figures could not be provided at that time [41][42]

Core Viewpoint - Beyond Meat, Inc. is currently under investigation for potential fraud, providing an opportunity for investors to join the legal proceedings [1] Group 1 - The Schall Law Firm is leading the investigation into Beyond Meat, Inc. for possible fraudulent activities [1] - Investors are encouraged to participate in the investigation to seek potential remedies [1]

Core Insights - Beyond Meat's shares experienced a significant decline of 7.4% following the release of disappointing third-quarter results and a negative outlook for the rest of the year [1] Company Performance - The third-quarter results reported by Beyond Meat were below market expectations, leading to a sharp drop in stock price [1] - The company provided a gloomy forecast for the remainder of the year, indicating potential challenges ahead [1]

周二，Beyond Meat(BYND.US)股价一度跌超9%，截至发稿，该股跌幅收窄至2.15%，报1.32美元。 Beyond Meat第三季度净收入同比下降13.3%至7020万美元，但略高于分析师平均预期6900万美元。亏损 扩大至1.107亿美元，受累于资产减值损失以及今年稍早暂停在中国的业务；每股亏损47美分，低于分 析师预期的每股亏损31美分。该公司预计第四季收入将介乎6000万至6500万美元之间，低于市场预期的 7003万美元。 ...

智通财经APP获悉，周二，Beyond Meat(BYND.US)股价一度跌超9%，截至发稿，该股跌幅收窄至 2.15%，报1.32美元。Beyond Meat第三季度净收入同比下降13.3%至7020万美元，但略高于分析师平均 预期6900万美元。亏损扩大至1.107亿美元，受累于资产减值损失以及今年稍早暂停在中国的业务；每 股亏损47美分，低于分析师预期的每股亏损31美分。该公司预计第四季收入将介乎6000万至6500万美元 之间，低于市场预期的7003万美元。 ...