UPDATE 1-No profit, no love for Beyond Meat as shares fall [Reuters]
Beyond Meat, Inc. - Common stock (BYND)
Last beyond meat, inc. - common stock earnings: 2/27 04:05 pm
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Source: Reuters
UPDATE 2-No profit, no love for Beyond Meat as shares fall (Adds market valuation, analyst quote) Feb 28 (Reuters) - Shares of Beyond Meat Inc fell nearly 20% on Friday after it narrowly failed to make a profit in the fourth quarter despite tripling sales, eating into expectations among investors for the high-flying faux meat maker. Beyond Meat, which surged nearly ten-fold in market value from its initial public offering price, has since partnered with numerous retail chains and restaurants, including McDonald’s, helping the company more than triple its revenue in 2019. But with rival plant-based meat producers - from Impossible Foods, to Kellogg Co’s Morningstar Farms, or Nestle SA’s Sweet Earth - vying for shelf space at retailers and deals with food service outlets, analysts say the company is at risk of losing its first mover advantage. Thursday’s quarterly report showed a 1 cent per share loss for the quarter, versus analyst expectations of a 1 cent profit, driving a selloff in
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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
- 4/22/24 - Form 8-K
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- BYND's page on the SEC website