Beyond Meat Stock Is Down 20% This Year, Time to Buy? [Yahoo! Finance]
Beyond Meat, Inc. - Common stock (BYND)
Last beyond meat, inc. - common stock earnings: 2/27 04:05 pm
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Source: Yahoo! Finance
That trend continued as the plant-based meat leader posted its latest earnings report on May 8. The market remains skeptical that the company can manage a growth rebound. The stock is now down more than 40% over the past year. Is now the time to buy Beyond Meat, or are investors better off leaving this one off their plate? A recap of Beyond Meat's Q1 earnings report For the first quarter of 2024, Beyond Meat's revenue fell by 18% year over year to $75.6 million, marking the eighth consecutive quarter in decline. The top-line weakness was driven by a 16.1% decrease in the volume of products sold despite an effort to stir up demand through promotional discounting. The company also cited the impact of discontinuing its "Beyond Meat Jerky" along with lower "Beyond Chicken" sales, against large initial orders from Europe in early 2023. Demand was sluggish across all core products including Beyond Meat burgers, steak, and chicken in the U.S. and the international segment. That
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News
- Beyond Meat Stock Is Suddenly Surging: Should You Buy the Rip? [Yahoo! Finance]Yahoo! Finance
- Plant-based meats are good for the planet—but what about your health? [Yahoo! Finance]Yahoo! Finance
- Plant-based meats are good for the planet—but what about your health? [Fortune]Fortune
- GameStop's stock surge continues, punishing short sellers [FOX Business Network]FOX Business Network
- Beyond Meat looks for positives but hard to look past some big questions [Yahoo! Finance]Yahoo! Finance
BYND
Earnings
- 5/8/24 - Miss
BYND
Sec Filings
- 5/16/24 - Form 4
- 5/16/24 - Form 4
- 5/10/24 - Form S-8
- BYND's page on the SEC website