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Beyond Meat Cuts Guidance Again
Seeking Alpha· 2024-11-07 07:39
After the bell on Wednesday, we received third quarter results from Beyond Meat (NASDAQ: BYND ). The plant-based meat company has been one of the stock market's biggest losers in recent years, as sizable revenue growth expectations have not materialized andI am a market enthusiast and part-time trader. I started writing for Seeking Alpha in 2011, and it has been a tremendous opportunity and learning experience. I have been interested in the markets since elementary school, and hope to pursue a career in the ...
Beyond Meat(BYND) - 2024 Q3 - Earnings Call Transcript
2024-11-07 02:16
Beyond Meat, Inc. (NASDAQ:BYND) Q3 2024 Earnings Conference Call November 6, 2024 5:00 PM ET Company Participants Paul Sheppard - VP, FP&A, and IR Ethan Brown - Founder, President and CEO Lubi Kutua - CFO and Treasurer Conference Call Participants Peter Saleh - BTIG Ben Theurer - Barclays Michael Lavery - Piper Sandler Ken Goldman - JPMorgan John Baumgartner - Mizuho Alexia Howard - Bernstein Operator Good afternoon, and welcome to the Beyond Meat Third Quarter 2024 Conference Call. All participants are in ...
Beyond Meat (BYND) Reports Q3 Loss, Misses Revenue Estimates
ZACKS· 2024-11-07 00:01
Beyond Meat (BYND) came out with a quarterly loss of $0.41 per share versus the Zacks Consensus Estimate of a loss of $0.44. This compares to loss of $1.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.82%. A quarter ago, it was expected that this plant-based meat company would post a loss of $0.46 per share when it actually produced a loss of $0.53, delivering a surprise of -15.22%.Over the last four quarters, the company ...
Beyond Meat(BYND) - 2024 Q3 - Quarterly Results
2024-11-06 21:09
Exhibit 99.1 For immediate release ® Beyond Meat Reports Third Quarter 2024 Financial Results EL SEGUNDO, Calif. — November 6, 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 third quarter ended September 28, 2024. Third Quarter 2024 Financial Highlights 1 • Net revenues were $81.0 million, an increase of 7.6% year-over-year. • Gross profit was $14.3 million, or gross margin of 17.7%, compared to ...
Beyond Meat® Reports Third Quarter 2024 Financial Results
GlobeNewswire News Room· 2024-11-06 21:05
EL SEGUNDO, Calif., Nov. 06, 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 third quarter ended September 28, 2024. Third Quarter 2024 Financial Highlights1 Net revenues were $81.0 million, an increase of 7.6% year-over-year.Gross profit was $14.3 million, or gross margin of 17.7%, compared to a loss of $7.3 million, or gross margin of -9.6%, in the year-ago period.Loss from operations was $30 ...
Beyond Meat® to Report Third Quarter 2024 Financial Results on November 6, 2024
GlobeNewswire News Room· 2024-10-23 20:05
EL SEGUNDO, Calif., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Beyond Meat, Inc. (NASDAQ: BYND) (“Beyond Meat” or “the Company”), a leader in plant-based meat, announced today it will report financial results for the third quarter ended September 28, 2024 on Wednesday, November 6, 2024 after market close. The Company will host a conference call to discuss these results at 5:00 p.m. Eastern, 2:00 p.m. Pacific. Investors interested in participating in the live call can dial 412-902-4255. There will also be a simultane ...
3 Heavily Shorted Stocks That Are Down More Than 75% Since 2021. Can They Turn Things Around?
The Motley Fool· 2024-10-18 11:10
Are these stocks too risky to take a chance on today?Investing in struggling stocks that are also heavily shorted can be an incredibly risky move. But if these types of stocks are able to turn things around and prove their doubters wrong, the upside can also be significant. It's not a suitable investment strategy for most investors, but if you have a high risk tolerance, there are three potential contrarian plays to consider.Medical Properties Trust (MPW -0.42%), Beyond Meat (BYND -3.78%), and Plug Power (P ...
Beyond Meat Stock Has 24% YTD Decline, But Can Sentiment Change?
Forbes· 2024-10-07 11:00
CHICAGO, ILLINOIS - FEBRUARY 29: Beyond Meat products are shown 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 illustration by Scott Olson/Getty Images)Getty ImagesAfter almost a 24% decline this year, at the current price of around $6 per share, we believe Beyond Meat stock (NASDAQ: BYND), a plant-based meat alternative - is fairly ...
3 Meat Stocks in the Spotlight as Industry Trends Gain Strength
ZACKS· 2024-09-30 15:00
Growing consumer demand for protein-rich products, fueled by an increasing focus on health and wellness, has been working well for the Zacks Food – Meat Products industry. Players in the space have responded to these trends by diversifying their product offerings, expanding production capacity and exploring plant-based meat alternatives.However, many meat companies face challenges from rising input costs and elevated operating expenses. Despite these obstacles, Tyson Foods, Inc. (TSN) , Pilgrim's Pride Corp ...
Beyond Meat: Stronger Margins Suggest Turnaround Is Real
Seeking Alpha· 2024-09-19 10:53
Beyond Meat (NASDAQ: BYND ) shares have dropped by 13.10% since I covered the plant-based meat firm in May. As I talked about in my write-up in May, a big reason I was bullish on the stockThis account is managed by Noah's Arc Capital Management. Our goal is provide Wall Street level insights to main street investors. Our research focus is mainly on 20th century stocks (old economy) undergoing a 21st century transformation, but occasionally we'll write on companies that help transform 20th century firms as w ...