Should Investors Be Concerned About Beyond Meat's Loss of Market Share? [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
The company has been reporting quarter after quarter of declining sales and steep losses, but investors cheered its fourth-quarter earnings report, sending the stock as much as 60% higher. Those gains were short-lived, however, and Beyond Meat is down 25% year to date with a low price-to-sales ratio of 1.2. But even if investors were initially excited about the company's recent progress, there's reason to be concerned about Beyond Meat's future. Beyond Meat might be losing market share The meat substitute industry has been growing, and it should continue to do so over the next few years, according to data from Statista. But Q4 2023 marked Beyond Meat's seventh straight quarter of declining revenue. As its top line shrank 18% to $343.3 million for the year, overall industry sales increased 13%. Some of the updates from the quarter that investors liked included price increases and new product launches. Management laid out a plan to generate higher profitability, including cutti
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News
- Beyond Meat® to Report First Quarter 2024 Financial Results on May 8, 2024GlobeNewswire
- Goldman Talks With Private Credit for Beyond Meat Capital [Yahoo! Finance]Yahoo! Finance
- Goldman Talks With Private Credit for Beyond Meat Capital [BNN Bloomberg (Canada)]BNN Bloomberg
- Logistics Campus at former Allstate headquarters off to slow start, with plans for lab-grown meat plant on hold [Yahoo! Finance]Yahoo! Finance
- Beyond Meat, Inc. (NASDAQ: BYND) had its price target lowered by analysts at Mizuho from $7.00 to $6.00. They now have an "underperform" rating on the stock.MarketBeat
BYND
Earnings
- 2/27/24 - Miss
BYND
Sec Filings
- 4/26/24 - Form 3
- 4/22/24 - Form 8-K
- 4/17/24 - Form 4
- BYND's page on the SEC website