Are Consumer Staples Stocks Lagging Beyond Meat (BYND) This Year?

Company Performance - Beyond Meat (BYND) has gained approximately 8.6% year-to-date, outperforming the average loss of about 3% in the Consumer Staples group [4] - The Zacks Consensus Estimate for Beyond Meat's full-year earnings has increased by 77.3% over the past quarter, indicating improved analyst sentiment and a more positive earnings outlook [4] Industry Comparison - Beyond Meat is part of the Food - Meat Products industry, which has seen an average loss of 35.6% year-to-date, highlighting BYND's relative strength in this sector [6] - In contrast, Albertsons Companies, Inc. (ACI), another Consumer Staples stock, has returned 0.5% since the beginning of the year, with a consensus EPS estimate increase of 3% over the past three months [5] Sector Ranking - Beyond Meat is ranked 15 in the Zacks Sector Rank among 180 companies in the Consumer Staples group, which is evaluated based on the average Zacks Rank of individual stocks [2] - The Zacks Rank for Beyond Meat is currently 2 (Buy), suggesting a favorable outlook compared to its peers [3]