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Stock impact report

Why I Bought Beyond Meat Stock Now [The Motley Fool]

Beyond Meat, Inc. - Common stock (BYND) 
Last beyond meat, inc. - common stock earnings: 2/27 04:05 pm Check Earnings Report
Company Research Source: The Motley Fool
Ethan Brown envisioned helping the environment by creating meat-alternative products out of plants, so he foundedBeyond Meat(NASDAQ:BYNDBeyond Meat reported 09 revenue of $98 million, up 9% from 08. In late February, it guided for $90 million to $0 million in revenue for 00 -- good for 6% to 7% growth year over year. But that was before the coronavirus. Since restaurant sales are slumping, conventional wisdom says to throw Beyond Meat's guidance -- and stock -- out the window.That's misguided, though. Here's why.Image source: Beyond Meat.Conservative guidance?One wouldn't normally expect guidance for 6% to 7% revenue growth to be conservative. But regarding guidance, Brown said during Beyond Meat'sQ earnings callBeyond Meat has existing business with chains such asDunkin'Denny'sNone of this is built into guidance, which is why I decided not to wait any longer to buy Beyond Meat's stock. And I'm glad I bought before itannounced its new partnershipStarbucksThese pending growth levers ar Show less Read more
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