Group 1 - Beyond Meat (BYND) stock is experiencing a rally as investors anticipate a potential short squeeze due to high short interest, with 25,356,827 shares shorted, representing approximately 40.97% of the company's float [1] - The stock has seen heavy trading activity, with over 12 million shares traded, significantly surpassing its daily average of about 3.7 million shares [2] - As of Tuesday morning, BYND stock is up 20.1% for the day and has increased 17.5% since the beginning of the year [2] Group 2 - The recent interest in shorted stocks is linked to a broader rally in meme stocks, reminiscent of the 2021 meme stock phenomenon initiated by the trader known as Roaring Kitty [1] - If 2024 mirrors the trends of 2021, it could lead to a rise in several meme stocks as traders attempt to push shorts out of these positions [1]

Sundry Photography Investment Thesis Despite the company’s current challenges including a substantial debt load, operational inefficiencies, and lackluster sales attributed to what I believe to be as poor product-market fit (PMF), I believe that Beyond Meat’s (NASDAQ:BYND) total addressable market (TAM) could see significant expansion, particularly under scenarios like a bird flu epidemic impacting US cattle supplies. I am not a consumer myself but such an event could drive some red meat consumers to ex ...

Core Insights - The vegan market is growing, particularly among younger consumers aged 18 to 34, who prioritize sustainability and health [1] Company Summaries Oatly (OTLY) - Oatly specializes in dairy alternatives, particularly oat milk, and has a significant total addressable market due to the 68% of the global population experiencing lactose malabsorption [2] - Despite a 45% drop in share value over the past year, Oatly remains a speculative investment opportunity [3] SunOpta (STKL) - SunOpta manufactures plant-based and fruit-based products and has received a unanimous strong buy rating from analysts [5] - The average price target for SunOpta is $9.40, indicating over 66% upside potential, with a high-side target of $10, projecting 77% growth [5] - Revenue forecasts are $684.15 million for 2024 and $757.74 million for 2025, up from $630.3 million in 2023 [6] Beyond Meat (BYND) - Beyond Meat has a moderate sell rating, with no buy ratings from analysts, and an average price target of $6.07, suggesting a 26% downside risk [7] - The company has seen a 33% decline in share value over the past year, particularly after disappointing earnings [8]

Beyond Meat (NASDAQ: BYND) stock price has been in a strong bull run as it surged by 40% between April 25th and May 6th. It then suffered a harsh reversal on Wednesday after the company published weak financial results. It tumbled to a low of $7.12, down by 13.4% from its highest point this month.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.The plant-based meat industry is strugglingCopy link to sectionBeyond Meat is one of the top disruptors in th ...

Financial Data and Key Metrics Changes - Total net revenue for Q1 2024 was $75.6 million, an 18% decline from $92.2 million in Q1 2023, exceeding the guidance range of $70 million to $75 million [7][25] - Gross margin improved to 4.9%, up from the previous three quarters but down from 6.7% in Q1 2023 [7][28] - Operating expenses decreased to $57.1 million, down from $63.9 million year-over-year, contributing to a reduced loss from operations of $53.5 million compared to $57.7 million in the prior year [9][30] - Adjusted EBITDA loss was $32.9 million, the smallest loss since Q2 2021 [31] Business Line Data and Key Metrics Changes - U.S. retail and foodservice net revenues decreased by 16% and 16.2%, respectively, primarily due to a decrease in product volume sold [26] - International retail and foodservice channels saw net revenue declines of 12% and 28.7%, respectively, attributed to lapping previous large orders and softer demand in certain markets [26][27] Market Data and Key Metrics Changes - The decline in international retail was mainly due to the lapping of large initial orders for chicken innovations in Europe from the previous year [26] - The UK market experienced recessionary pressures affecting demand in both retail and foodservice channels [27] Company Strategy and Development Direction - The company is focused on five priorities for 2024, including operational efficiency, product innovation with the Beyond IV platform, pricing strategy adjustments, production network consolidation, and investment in European markets [11][18][20] - The launch of Beyond Burger IV and Beyond Beef IV is expected to enhance health benefits and improve market perception [12][16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about margin improvement and operational efficiency, anticipating benefits from pricing changes and production consolidation throughout 2024 [8][23] - The company aims to restore margins to previous levels achieved in 2019 and 2020 over time [18] Other Important Information - Cash consumption decreased significantly to $32.5 million in Q1 2024 from $49 million in the same period in 2023 [10] - The company has a cash and cash equivalents balance of $173.5 million and total debt outstanding of $1.1 billion as of March 30, 2024 [31] Q&A Session All Questions and Answers Question: Confidence in sales outlook given pricing and volume changes - Management highlighted the rollout of the Beyond IV product and its expected positive reception, addressing health perception issues in the plant-based category [35][36] Question: Preliminary price elasticity with recent price increases - Management indicated it is too early to assess the impact of price increases on sales, but initial feedback has been positive [40][41] Question: International market performance and volume decline - Management noted that the decline was due to lapping previous strong sales and recessionary pressures in the UK and Canada [45][46] Question: Phasing of pricing and gross margins - Management expects significant benefits from pricing increases and operational efficiencies to improve gross margins in the second half of the year [49][50] Question: Customer and competitor reactions to price increases - Management reported that most retailers accepted the price increases, and competitors are also raising prices to drive profitability [61][63] Question: SKU rationalization status - Management confirmed ongoing SKU rationalization efforts, focusing on the Beyond IV platform while exiting less successful products [68][69] Question: Target consumer changes - Management emphasized that while health benefits are being highlighted, taste remains a priority, aiming to attract both health-conscious and taste-focused consumers [70][72]

Financial Performance - Beyond Meat reported a quarterly loss of $0.72 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.68, but an improvement from a loss of $0.92 per share a year ago [1] - The company's revenues for the quarter ended March 2024 were $75.6 million, missing the Zacks Consensus Estimate by 2.68% and down from $92.24 million year-over-year [1] - Over the last four quarters, Beyond Meat has not surpassed consensus EPS estimates and has topped revenue estimates only once [1] Stock Performance and Outlook - Beyond Meat shares have declined approximately 7% since the beginning of the year, contrasting with the S&P 500's gain of 8.8% [2] - The company's earnings outlook is crucial for future stock movements, with current consensus EPS estimates of -$0.55 for the next quarter and -$2.29 for the current fiscal year [4] Industry Context - The Food - Meat Products industry, to which Beyond Meat belongs, is currently ranked in the top 1% of over 250 Zacks industries, indicating a favorable outlook for stocks in this sector [5] - Hormel Foods, another company in the same industry, is expected to report quarterly earnings of $0.36 per share, reflecting a year-over-year decline of 10% [5]

Exhibit 99.1 For immediate release ® Beyond Meat Reports First Quarter 2024 Financial Results EL SEGUNDO, Calif. — May 8, 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 first quarter ended March 30, 2024. First Quarter 2024 Financial Highlights 1 • Net revenues were $75.6 million, a decrease of 18.0% year-over-year. • Gross profit was $3.7 million, or gross margin of 4.9%, compared to gross profi ...

Core Viewpoint - Beyond Meat is facing significant challenges, including declining revenues, high debt levels, and increased competition, leading to a substantial drop in stock price and underperformance compared to broader market indices [1][2][4]. Financial Performance - Beyond Meat's stock has decreased by 95% from $125 in January 2021 to approximately $8 currently, while the S&P 500 has increased by about 35% during the same period [2]. - The company is expected to report Q1 2024 revenues of around $70 million, which is below consensus estimates, and a 4% year-over-year decline in total revenues for FY2024, projected at $330 million [4][6]. - In Q4 2023, Beyond Meat reported a net loss of $155.1 million, translating to a loss per share of $2.40, compared to a loss of $1.05 per share in Q4 2022 [6]. Market Dynamics - High inflation has led consumers to be less willing to pay premium prices for plant-based products, contributing to a 23% year-over-year decline in retail sales and a 26% drop in restaurant and fast-food chain sales in the U.S. market [4]. - Despite price reductions, overall sales volumes fell by 7% in Q4 2023, with net revenue per pound down 17% year-over-year [4]. Strategic Decisions - The company has decided to discontinue its Beyond Meat Jerky products due to insufficient demand [1]. - Beyond Meat's gross margins have turned negative, with a -24% margin in 2023 compared to positive margins of 25% in 2021 and 30% in 2020 [6]. Debt and Valuation - Beyond Meat has $1.1 billion in debt and a limited cash runway of $206 million, down from $323 million at the end of 2022, raising concerns about solvency in a high-interest rate environment [1]. - The current valuation estimate for Beyond Meat is $7 per share, which is 15% lower than the current market price [3][7].

Volatility is rising in the stock market. Between the recent hot inflation data and mounting geopolitical tensions, investors are starting to reassess the broader economic environment. It seems that the Federal Reserve might not come through with previously anticipated interest rate cuts. This, in turn, has the potential to greatly reduce the speculative juices in the stock market. Throw in some softness in leading AI stocks, and the market’s red flags are mounting.Investors should be repositioning their po ...

Core Viewpoint - Concerns about a global recession suggest that divesting from certain Nasdaq stocks may be prudent, as some companies are both high-risk and overvalued [1][2] Group 1: Canopy Growth (CGC) - Canopy Growth has been experiencing significant losses, with a stock price that has dramatically declined over the years [3] - The company recorded nearly $1 billion in losses over the last 12 months and has $140 million in cash, alongside $446 million in debt [3][4] - Shareholder dilution has been substantial, with shares outstanding increasing by 70.58% year-over-year, raising financial risk for shareholders [4] Group 2: Beyond Meat (BYND) - Beyond Meat's stock price has plummeted due to mounting losses and declining sales, with a "Sell" consensus rating from analysts [5][6] - The full-year revenue forecast is between $315 million and $345 million, which is below the consensus of $343.8 million, and the company has a negative gross margin of 24.1% in 2023 [5] - Significant budget cuts of $70 million are planned for 2024, but the company has less than two years' worth of cash based on its current cash burn and over $1 billion in debt [5][6] Group 3: QuantumScape (QS) - QuantumScape is developing solid-state batteries but faces skepticism regarding its technology's viability and timeline, with no revenue or earnings reported [7][8] - The company has around three years of cash on its balance sheet before needing to raise capital again, relying on optimistic projections from Wall Street [7] - For 2024, QS plans to begin low-volume production of its QSE-5 prototype batteries, with projected capital expenditures between $70 million and $120 million and an adjusted EBITDA loss of $250 million to $300 million [8]