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 ...

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 ...

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 ...

Core Insights - Beyond Meat, Inc. will report its financial results for the third quarter ended September 28, 2024, on November 6, 2024, after market close [1] - A conference call to discuss these results will be held at 5:00 p.m. Eastern, 2:00 p.m. Pacific, with participation details provided [1] Company Overview - Beyond Meat is a leading plant-based meat company founded in 2009, offering products made from simple ingredients without GMOs, added hormones, or antibiotics, and containing 0mg of cholesterol per serving [2] - The company's products aim to replicate the taste and texture of animal-based meat while promoting better health and environmental sustainability [2] - Beyond Meat's brand promise, "Eat What You Love®," reflects its commitment to addressing global issues such as human health, climate change, resource constraints, and animal welfare through a shift to plant-based protein [2]

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 ...

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 ...

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 ...

Group 1 - Beyond Meat's shares have decreased by 13.10% since May, indicating a bearish trend for the plant-based meat firm [1] - The analysis focuses on companies undergoing significant transformations, particularly those in the old economy adapting to modern innovations [1] Group 2 - The managing partner of Noah's Arc Capital Management, Noah Cox, emphasizes that the article reflects personal opinions and not necessarily those of the firm [2] - The article is intended solely for informational purposes and does not constitute investment advice [2]

Beyond Meat TodayBYNDBeyond Meat$6.30 +0.15 (+2.44%) 52-Week Range$5.13▼$12.12Price Target$5.06Add to WatchlistIf the stock price of Beyond Meat Inc. NASDAQ: BYND is any indication, the plant-based meat boom has come and gone. The stock peaked at a whopping $239.71 in July 2022 and has since withered away to an all-time low of just $5.20 on Aug. 5, 2024. Despite losing 97.4% of its value from the highest, there is still a giant short interest of 38.96%, indicating the bears see more downside to come. Bullis ...

Core Viewpoint - Beyond Meat is shifting its strategy to focus on health-conscious consumers by introducing a whole-muscle steak alternative and partnering with healthier restaurant chains instead of fast-food outlets [1][2]. Group 1: Strategic Changes - The company announced a turnaround strategy over six months ago, which includes cost-cutting, price increases, and discontinuation of its jerky product made with PepsiCo [1]. - Marketing efforts are now emphasizing the health benefits of a plant-based diet, collaborating with organizations like the American Cancer Society and engaging college athletes as influencers [1][2]. - The new product aims to mimic the texture of a filet using mycelium, positioning it as a protein source for salads and burritos [2]. Group 2: Product Development - Beyond Meat is reformulating its existing products, including the Beyond Burger and Beyond Chicken, to feature shorter ingredient lists, targeting consumers who perceive plant-based meat as overly processed [2]. - The new steak alternative is designed to have a very small number of ingredients, high protein content, and low saturated fat [2]. Group 3: Industry Challenges - The CEO has attributed some challenges faced by the plant-based meat industry to misinformation propagated by the traditional meat industry and cattle farmers, particularly regarding the processing of plant-based meats [2]. Group 4: Launch Timing - The company has not disclosed specific details regarding the timing of the new product launches [3].