UPDATE 2-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
No profit, no love for Beyond Meat as shares fall (Reuters) - Shares of Beyond Meat Inc ( BYND.O ) 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 ( K.N ) Morningstar Farms, or Nestle SA’s ( NESN.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 the company’s share
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News
- Should Investors Be Concerned About Beyond Meat's Loss of Market Share? [Yahoo! Finance]Yahoo! Finance
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- Beyond Meat: A Stock With A Mispriced Probability Of Profit [Seeking Alpha]Seeking Alpha
- Meat Alternative Market to Reach US$ 299 billion by 2034 | Future Market Insights, Inc. [Yahoo! Finance]Yahoo! Finance
- At 50% Off Its High, Is It Time to Buy Beyond Meat Stock? [Yahoo! Finance]Yahoo! Finance
BYND
Earnings
- 2/27/24 - Miss
BYND
Sec Filings
- 4/15/24 - Form 3
- 4/15/24 - Form EFFECT
- 4/10/24 - Form ARS
- BYND's page on the SEC website