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Stock impact report

Beyond Meat to push health credentials in bid to boost volumes [Yahoo! Finance]

Beyond Meat, Inc. - Common stock (BYND) 
Last beyond meat, inc. - common stock earnings: 2/27 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The California-based company, best known for its Beyond Burger product, yesterday (8 May) reported a 16% year-on-year decline in first-quarter volumes while revenues were down by 18%. The group remains loss-making. CEO Ethan Brown said: “Together with measures we are exploring to bolster our balance sheet, we continue to work to position 2024 as a pivotal year as we strive to achieve sustainable and profitable operations.” In a bullish presentation to analysts after the results were released, CEO Brown said he is confident the latest iteration of Beyond Meat's signature burger product, launched recently but still to be fully rolled out, can help to improve its fortunes. A marketing campaign will accentuate what Beyond Meat sees as the product's health credentials. “One of the biggest challenges our brand has faced is orchestrated misinformation regarding our product lines,” he said. “We believe through the nutritionists, institutions, and dietitians standing behind Beyond I Show less Read more
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