Sometimes, good ideas fail at being good businesses, and tough economic times expose that harsh reality quicker than others. Amid sky-high stock markets, we have to be careful to prune these names out of our portfolios.With combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular contributor on Seeking ...

Following a successful initial launch, Beyond Meat’s healthy, flavor-forward plant-based links are debuting at Whole Foods Market stores coast-to-coast Beyond Sun Sausage is filled with wholesome ingredients from legumes and vegetables and offers 12g of clean protein per link with 1g of saturated fat, meeting the rigorous nutritional guidelines of the American Heart Association’s Heart-Check program and the American Diabetes Association's Better Choices for Life program EL SEGUNDO, Calif., Nov. 14, 2024 (GL ...

Core Insights - Beyond Meat reported its first quarter of revenue growth in three years, with a 7.6% increase to $81 million, slightly above estimates of $80.7 million [2] - The company achieved a positive gross profit of $14.3 million, recovering from a gross loss of $7.3 million, driven by higher prices [3] - Despite improvements, Beyond Meat continues to face significant losses, with an operating loss of $30.9 million and a net loss of $0.41 per share, although these figures are better than the previous year's losses [3][5] Revenue and Guidance - The U.S. market saw a solid revenue growth of 14.9%, but a decline in international food service revenue negatively impacted overall results [2] - Beyond Meat lowered its full-year revenue guidance from a range of $320 million-$340 million to $320 million-$330 million, which is below the consensus estimate of $328.6 million [4][5] - The company anticipates gross margins in the mid-teens, consistent with third-quarter performance [4] Management Commentary - CEO Ethan Brown expressed satisfaction with the return to growth in net revenues year-over-year and indicated plans to increase cash reserves by year-end and pursue balance sheet restructuring in 2025 [4]

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 ...

Financial Data and Key Metrics Changes - Net revenues for Q3 2024 were $81 million, a 7.6% increase year-over-year from $75.3 million in Q3 2023, marking the first quarter of year-over-year growth since Q1 2022 [26][7] - Gross margin improved to 17.7% compared to a negative gross margin of 9.6% in the same period last year, representing the highest quarterly gross margin since Q3 2021 [31][9] - Operating expenses decreased to $45.2 million, down $17.2 million year-over-year, marking the lowest operating expenses in four years [32][10] - Net loss for Q3 2024 was $26.6 million, significantly reduced from $70.5 million in the year-ago period, with adjusted EBITDA loss narrowing to $19.8 million from $57.5 million [33][32] Business Line Data and Key Metrics Changes - U.S. retail channel net revenues increased 14.6% to $35 million, driven by a 22.6% increase in net revenue per pound, despite a 6.6% decrease in volume sold [27] - U.S. food service channel net revenues rose 15.5% year-over-year to $14.5 million, primarily due to a 7.9% increase in volume sold [28] - National retail channel net revenue increased 17% to $16.6 million, supported by a 10.5% increase in net revenue per pound and a 6% increase in volume sold [29] - International food service channel net revenue decreased 17.2% to $15 million, primarily due to a 22.1% decrease in volume sold [30] Market Data and Key Metrics Changes - The company is seeing encouraging initial sell-through in the German market after meeting shelf life requirements, which had previously limited access to this key market [19] - In France, McDonald's launched a new menu option featuring Beyond Meat products, expanding the company's presence in one of its top European markets [20] Company Strategy and Development Direction - The company aims to enhance efficiency and reduce costs through lean management practices, focusing on product quality and health benefits [11][12] - The launch of the Beyond 4 product line emphasizes health and nutrition, with endorsements from health organizations, contributing to the company's return to growth [12][13] - The company is consolidating its production network to improve logistics and reduce costs, which has already shown benefits in gross margin and cost of goods sold [18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining and improving gross margins due to ongoing cost reduction efforts and pricing strategies [40][41] - The company anticipates that consumption numbers will catch up with shipment numbers, indicating a positive outlook for the fourth quarter [66][67] - Management acknowledged the challenges posed by market competition and consumer perceptions but remains optimistic about the brand's growth trajectory [74][75] Other Important Information - The company plans to bolster its balance sheet through an ATM program and is exploring other options for liquidity enhancement [38] - The full-year revenue outlook for 2024 is projected to be between $320 million and $330 million, with gross margins expected in the mid-teens range [37] Q&A Session Summary Question: Can you provide insights on the gross margin and its sustainability into 2025? - Management expects to maintain and potentially improve gross margins due to ongoing cost reduction initiatives and pricing strategies [40][41] Question: What are the plans for capital raising and balance sheet restructuring? - The company intends to add liquidity to the balance sheet before year-end and is working on a holistic restructuring of the balance sheet [42][44] Question: How do you reconcile the differences between retail shipment and consumption data? - Management noted a mismatch between sell-in and consumption data, expecting consumption numbers to improve in the fourth quarter [49][66] Question: What are the pricing dynamics and their impact on consumer behavior? - Management indicated that higher prices have not dissuaded consumers significantly, with a focus on premium ingredients driving positive elasticity [58][75] Question: What is the outlook for operating expenses and potential increases in 2025? - Management is focused on maintaining low operating expenses while exploring efficiencies, with no immediate plans for significant increases [77] Question: How has the new product innovation impacted sales? - The Beyond 4 platform has positively influenced sales velocity, contributing to overall growth [80]

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 ...