How Has Beyond Meat Stock Done For Investors?

Core Viewpoint - Beyond Meat has significantly underperformed the S&P 500 since its IPO, losing over 99% of its value in the past five years, while the S&P 500 gained 84% during the same period [2][3]. Performance Overview - Beyond Meat's stock surged post-IPO in 2019 but has since faced a disastrous decline, with a 93% drop over the last three years and an 83% decline in the past year [2][3]. - The S&P 500 has outperformed Beyond Meat by 183 percentage points over five years, 158 percentage points over three years, and 94 percentage points in the last year [2][3]. Market Demand and Competition - Demand for plant-based meat alternatives in the U.S. has faltered post-pandemic, with retail sales of refrigerated plant-based burgers dropping 26% year-over-year [4]. - Beyond Meat's products lack differentiation in a crowded market, leading to diminished pricing power as consumers turn away from the category [5]. Financial Performance - In the third quarter, Beyond Meat reported a 13.3% revenue decline, a gross margin of 10.3%, and a net loss of $110.7 million on sales of $70.2 million [6]. - The company's guidance for the fourth quarter anticipates revenue between $60 million and $65 million, indicating ongoing struggles [6]. Stock Market Activity - Beyond Meat's stock has experienced volatility, including a plunge after a convertible debt exchange and a brief spike during a "meme stock" rally, followed by another decline [8]. - The current stock price is $0.86, with a market cap of $0 billion and a gross margin of 5.98% [7].