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Beyond Meat(BYND) - 2025 Q3 - Earnings Call Transcript
2025-11-11 23:00
Financial Data and Key Metrics Changes - Total net revenues decreased by 13.3% to $70.2 million in Q3 2025 compared to $81 million in the year-ago period, primarily driven by a 10.3% decrease in the volume of products sold and a 3.3% decrease in net revenue per pound [20][21] - Gross margin fell to 10.3% in Q3 2025 from 17.7% in the year-ago period, impacted by lower volumes and higher trade discounts [8][26] - Net loss was $110.7 million in Q3 2025 compared to $26.6 million in the year-ago period, with net loss per common share increasing to $1.44 from $0.41 [30][31] Business Line Data and Key Metrics Changes - U.S. retail net revenues decreased by 18.4% to $28.5 million, driven by a 12.6% decrease in volume and a 6.6% decrease in net revenue per pound [23] - U.S. food service net revenues decreased by 27.3% to $10.5 million, primarily due to a 27.1% decrease in volume [24] - International retail net revenues decreased by 4.6% to $15.8 million, with a 12.5% decrease in volume partially offset by a 9.1% increase in net revenue per pound [24][25] Market Data and Key Metrics Changes - The plant-based meat category continues to face general softness, with two of the top three markets in the EU also experiencing year-over-year declines [22] - The U.S. market is seeing reduced points of distribution and weak category demand, impacting overall sales [22][23] Company Strategy and Development Direction - The company is focused on a turnaround strategy, including addressing misinformation about plant-based meats, rebuilding distribution, and reducing operating expenses [10][15][17] - New product innovations, such as Beyond Chicken Pieces and the Beyond Test Kitchen, are aimed at enhancing consumer engagement and product visibility [11][12][14] - The company is targeting a gross profit margin of over 30% and aims to achieve EBITDA-positive operations as soon as possible [31][40] Management's Comments on Operating Environment and Future Outlook - Management expressed disappointment with the current quarter's results but emphasized ongoing efforts to reset the business for sustainable growth [6][19] - The macroeconomic environment remains challenging, making it difficult to forecast operating results beyond a limited horizon [33] - The company anticipates net revenues in Q4 2025 to be in the range of $60 million to $65 million, reflecting ongoing demand weakness [33] Other Important Information - The company successfully reduced debt levels by approximately $900 million, nearly 75% of total leverage, and extended the maturity of most of its debt profile [6][34] - Cash and cash equivalents were $131.1 million as of September 27, 2025, with net cash used in operating activities increasing to $98.1 million for the nine months ended September 27, 2025 [31][32] Q&A Session Summary Question: What is currently holding the company back from achieving higher gross profit margins? - Management indicated that lower top-line revenue is the main drag on margins, along with higher material costs and the impact of a depreciation charge related to China operations [38][39] Question: Can you provide an update on the cash balance following recent financing activities? - Management noted that the cash balance would include proceeds from the ATM program, but specific figures could not be provided at that time [41][42]
Beyond Meat Q3: Shares Sink On Earnings, Guidance As CEO Touts 'Three Important Building Blocks'
Benzinga· 2025-11-10 22:39
Plant-based meat company Beyond Meat Inc. (NASDAQ:BYND) reported third-quarter financial results Monday after market close.Here are the highlights.Q3 Results: Beyond Meat reported third-quarter net revenue of $70.2 million, down 13.3% year-over-year. The revenue total beat a Street consensus estimate of $68.96 million, according to data from Benzinga Pro.The company said the decline in revenue came mainly from a 10.3% decrease in product volume sold, along with a 3.5% decrease in net revenue per pound, due ...
Why Is Wall Street So Bearish on Beyond Meat? There's 1 Key Reason.
Yahoo Finance· 2025-11-05 11:55
Key Points Beyond Meat doesn't have a single "buy" rating from Wall Street analysts. Sales are tumbling as competition and weak category demand take their toll. The company doesn't have any competitive advantages in a crowded market. 10 stocks we like better than Beyond Meat › Plant-based meat company Beyond Meat (NASDAQ: BYND) doesn't have a single buy rating from Wall Street analysts. Instead, a mix of hold, underperform, and sell ratings makes it clear that Wall Street is quite bearish on the ...
Beyond Meat® Teams Up With Hard Rock Cafe to Bring the Latest Beyond Burger® to Fans Nationwide
Globenewswire· 2025-11-04 14:15
Core Insights - Beyond Meat has launched its latest Beyond Burger (Beyond IV) at all Hard Rock Cafe locations in North America, allowing customers to swap any beef burger for the plant-based option [1][2][7] - The collaboration aims to cater to plant-based and health-conscious consumers, enhancing menu versatility at Hard Rock Cafe [2][4] Company Overview - Beyond Meat, Inc. is a leading plant-based meat company founded in 2009, focusing on creating products that mimic the taste and texture of animal-based meat while being healthier and environmentally friendly [4] - The company emphasizes its commitment to using simple ingredients without GMOs, added hormones, or antibiotics, and offers products with 0mg of cholesterol per serving [4] Product Details - The new Beyond Burger is made from clean plant-based ingredients, including protein from peas, brown rice, red lentils, and faba beans, providing 20g of protein per 4oz serving, with only 2g of saturated fat [2][8] - The burger features a beefy flavor and high smoke point due to avocado oil, designed to caramelize and sizzle effectively [8] Strategic Partnership - The partnership with Hard Rock Cafe is expected to expand the reach of Beyond Meat's products to a broader audience, combining Hard Rock's culinary reputation with Beyond's plant-based offerings [2][4]
Why Beyond Meat Sank 12% in October
Yahoo Finance· 2025-11-04 11:50
Key Points Beyond Meat stock tumbled due to massive dilution in mid-October. Soon after, a frantic rally with meme stock characteristics pushed up the stock. Eventually, rough preliminary results helped drag the stock back down to earth. 10 stocks we like better than Beyond Meat › Shares of plant-based meat alternatives manufacturer Beyond Meat (NASDAQ: BYND) were sent on a roller-coaster ride in October. A convertible debt exchange that caused the outstanding share count to explode initially sen ...
2 Overvalued Stocks to Sell in November
The Motley Fool· 2025-11-03 06:00
It can be tempting to follow the crowd, but don't be a lemming.The fear of missing out (FOMO) is a powerful force in financial markets. When investors see other people quickly making multibagger returns, it can be tempting to hop on the bandwagon. However, when the music stops, those late investors are often left holding the bag. Let's explore why Quantum Computing Inc. (QUBT +11.62%), also known as QCi, and Beyond Meat (BYND +0.30%) could be excellent examples of this investing pitfall. 1. Quantum Computin ...
Small Cap Stocks Worth Watching – October 28th
Defense World· 2025-10-30 08:06
Group 1: Small Cap Stocks Overview - Seven small-cap stocks to watch include Beyond Meat, Spring Valley Acquisition, Strive, SEALSQ, VSee Health, Inflection Point Acquisition Corp. II, and Churchill Capital Corp X [2] - Small-cap stocks are defined as publicly traded companies with market capitalizations generally between $300 million and $2 billion [2] - These stocks are perceived to have higher growth potential but also come with increased volatility, lower liquidity, and greater business risk compared to mid- and large-cap stocks [2] Group 2: Beyond Meat Overview - Beyond Meat, Inc. specializes in developing, manufacturing, marketing, and selling plant-based meat products both in the United States and internationally [3] - The company offers a variety of plant-based meat products across beef, pork, and poultry categories [3] - Products are distributed through various channels including grocery stores, mass merchandisers, club stores, natural retailers, restaurants, foodservice outlets, and schools [3] Group 3: Other Companies Overview - Spring Valley Acquisition is a blank check company formed for the purpose of effecting a merger or similar business combination [7] - Strive (ASST) provides social media marketing and content delivery services across platforms like Discord and TikTok, focusing on community server management and investment education [4] - SEALSQ Corp designs and markets semiconductor chips globally, offering products such as secure elements and identity provisioning services [5]
Penny Stocks To Watch Today – October 28th
Defense World· 2025-10-30 08:06
Group 1: Penny Stocks Overview - Five penny stocks to watch include Beyond Meat, Strive, VSee Health, Pulmonx, and Datavault AI, identified by MarketBeat's stock screener tool [2] - Penny stocks are defined as shares of very small or microcap companies trading at low per-share prices, traditionally under $1 but commonly under $5 in the U.S. [2] - These stocks often trade on over-the-counter markets, characterized by low liquidity, wide bid-ask spreads, high volatility, and a greater risk of price manipulation and loss [2] Group 2: Company Profiles - Beyond Meat, Inc. develops, manufactures, markets, and sells plant-based meat products across various platforms including beef, pork, and poultry, with distribution through grocery and foodservice channels [3] - Strive (Asset Entities Inc.) provides social media marketing and content delivery services, focusing on platforms like Discord and TikTok, and offers investment education and marketing services [4] - Pulmonx Corporation specializes in minimally invasive devices for chronic obstructive pulmonary diseases, offering products like the Zephyr Endobronchial Valve and Chartis Pulmonary Assessment System [5] - Datavault AI Inc. operates data management and supercomputer platforms, providing data technology and software solutions, previously known as WiSA Technologies, Inc. [6]
Beyond Meat Stock Falls After Meme-Fueled Rally Even as It Beefs Up Partnerships
Barrons· 2025-10-23 15:08
Core Insights - The company producing plant-based meat alternatives has faced challenges with declining volumes and sales over the years [1] Company Summary - The company has struggled with falling sales figures, indicating a potential issue with market demand or competition [1] Industry Summary - The plant-based meat alternative industry is experiencing difficulties, as evidenced by the company's ongoing struggles with volume and sales [1]
Beyond Meat shares briefly sizzle on Walmart deal and meme stock interest
ABC News· 2025-10-22 21:16
Core Insights - Beyond Meat's stock experienced a significant increase, more than doubling at one point before closing at $3.58 per share, down 1% from the previous day, following a low of 50 cents per share last week [1][2] - The company announced an expansion of its product availability in over 2,000 Walmart stores, including chicken pieces, Korean BBQ-style steak, and burger six-packs [2] - The addition of Beyond Meat to Roundhill Investments' Meme Stock ETF has driven interest, as the fund focuses on stocks that gain popularity through social media rather than financial performance [3] Company Performance - Beyond Meat has faced challenges with weak demand for its products, with net revenue declining by 15% in the first half of the year [5] - The stock price fell sharply after the expiration of lock-up restrictions on 326 million shares, allowing shareholders to sell their stock, which was part of a strategy to reduce debt and extend maturity [6] Market Context - The trend of investing in meme stocks has been observed throughout 2025, as investors seek bargains in a high-priced stock market, with Beyond Meat previously being a popular choice since its IPO in 2019 [4]