Latest news with #BYND
Business Insider
2 days ago
- Business
- Business Insider
Beyond Meat Stock (BYND) Gets Binned Despite Rubbishing Bankruptcy Fears
Beyond Meat (BYND) stock wilted over 5% today despite the plant food maker dismissing concerns over the future of the business. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Via a post on social media site X, the company, which makes plant-based meat alternatives, said: 'Recent media stories suggesting that Beyond Meat filed for bankruptcy are unequivocally false. We have not filed nor are we planning to file for bankruptcy.' Chapter 11 Claims It came in response to an article by Daniel Kline, co-editor-in-chief of TheStreet, who argued in a story published on August 14 that given how Beyond Meat has reported 'falling sales and dwindling cash,' that it is 'headed to Chapter 11 bankruptcy.' In the story, Kline also said that Beyond Meat 'admitted it's in trouble by hiring corporate restructuring expert John Boken from consultancy AlixPartners as interim chief transformation officer.' The company 'does have time to fend off a Chapter 11 bankruptcy filing, but it also has limited, if any, prospects to meet its impending cash needs,' Kline said. The company recently served up a weak set of Q2 results, with net revenues of $75 million, marking a 19.6% decrease from the previous year. U.S. retail channel revenues dropped by 26.7%. See below: It said that it was implementing significant cost reduction strategies, including a reduction in force and operational efficiency improvements. It said Boken had been hired as interim Chief Transformation Officer to lead these initiatives. Healthy Hopes The company's share price has declined 97% in the past five years as its alternative meat products have failed to catch on with consumers and businesses. There had been a lot of hype around the company and its stock when it went public in 2019. But unfortunately, the early promise of plant-based meat alternatives never materialized. However, there is still hope. According to Grand View Research, the global plant-based meat market size was valued at $7.17 billion in 2023 and is projected to reach $24.77 billion by 2030. This is as more individuals become aware of the health risks associated with excessive consumption of red and processed meats. Is BYND a Good Stock to Buy Now? On TipRanks, BYND has a Moderate Sell consensus based on 2 Hold and 4 Sell ratings. Its highest price target is $4. BYND stock's consensus price is $2.50, implying a $5.12% downside.
Yahoo
28-07-2025
- Business
- Yahoo
Beyond Meat® to Report Second Quarter 2025 Financial Results on August 6, 2025
EL SEGUNDO, Calif., July 28, 2025 (GLOBE NEWSWIRE) -- Beyond Meat, Inc. (NASDAQ: BYND) ('Beyond Meat' or 'the Company'), a leader in plant-based meat, announced today it will report financial results for the second quarter ended June 28, 2025 on Wednesday, August 6, 2025 after market close. The Company will host a conference call to discuss these results at 5:00 p.m. Eastern, 2:00 p.m. Pacific. Investors interested in participating in the live call can dial 785-424-1789. There will be a simultaneous, live webcast available on the Investors section of the Company's website at The webcast will also be archived. About Beyond Meat Beyond Meat, Inc. (NASDAQ: BYND) is a leading plant-based meat company offering a portfolio of revolutionary plant-based meats made from simple ingredients without GMOs, no added hormones or antibiotics, and 0 mg of cholesterol per serving. Founded in 2009, Beyond Meat products are designed to have the same taste and texture as animal-based meat while being better for people and the planet. Beyond Meat's brand promise, Eat What You Love®, represents a strong belief that there is a better way to feed our future and that the positive choices we all make, no matter how small, can have a great impact on our personal health and the health of our planet. By shifting from animal-based meat to plant-based protein, we can positively impact four growing global issues: human health, climate change, constraints on natural resources and animal welfare. Visit and follow @BeyondMeat on Facebook, Instagram, Threads and LinkedIn. Contacts Media: Shira Zackai Investors: Raphael Gross beyondmeat@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-06-2025
- Business
- Yahoo
BYND Q1 Earnings Call: Management Focuses on Expense Controls and Distribution Recovery Amid Ongoing Challenges
Plant-based protein company Beyond Meat (NASDAQ:BYND) missed Wall Street's revenue expectations in Q1 CY2025, with sales falling 9.1% year on year to $68.73 million. Its non-GAAP loss of $0.67 per share was 41.3% below analysts' consensus estimates. Is now the time to buy BYND? Find out in our full research report (it's free). Revenue: $68.73 million vs analyst estimates of $74.92 million (9.1% year-on-year decline, 8.3% miss) Adjusted EPS: -$0.67 vs analyst expectations of -$0.47 (41.3% miss) Adjusted EBITDA: -$42.33 million vs analyst estimates of -$22.13 million (-61.6% margin, 91.3% miss) Operating Margin: -81.8%, down from -70.7% in the same quarter last year Sales Volumes fell 11.2% year on year (-16.1% in the same quarter last year) Market Capitalization: $260.8 million Beyond Meat's first quarter performance was shaped by distribution disruptions and declining category demand, particularly in the U.S. retail channel. CEO Ethan Brown described the quarter as 'disappointing,' attributing much of the volume shortfall to large customers transitioning Beyond Meat products from refrigerated to frozen aisles, which led to temporary gaps in product availability. Brown also cited broader macroeconomic headwinds and category softness, with increased consumer caution negatively impacting sales velocities. CFO Lubi Kutua highlighted that extraordinary, non-recurring operating expenses—including legal arbitration costs and charges related to suspending operations in China—further pressured results. Management emphasized that these factors were largely transient, with Brown stating, 'We take this deviation from a recovery extremely seriously and we're using it as an opportunity to strengthen our organization.' Looking forward, Beyond Meat has withdrawn its full-year guidance, citing ongoing uncertainty in consumer demand and the broader economic environment. Management's near-term focus is on regaining lost retail distribution, improving gross margin through enhanced production efficiency, and delivering targeted marketing efforts to address consumer misperceptions about plant-based proteins. Brown stressed the importance of restoring profitability, explaining, 'Our overarching goal remains the same: EBITDA positive on a run rate basis by year end 2026.' The company's strategy includes further reducing operating expenses and leveraging new product launches—such as Beyond Chicken Pieces—while running campaigns like 'Real People, Real Results' to shift public perception. CFO Kutua noted that while potential tariff impacts are being monitored, the direct risk to Beyond Meat's business appears limited at this time. Management reiterated that stabilizing the top line, expanding gross margin, and maintaining tight cost controls are critical for navigating the volatile environment. Management attributed Q1's underperformance to lost U.S. retail distribution, production inefficiencies, and elevated one-time expenses, while outlining steps to regain momentum. Distribution transitions impacted sales: Several large U.S. retailers moved Beyond Meat products from refrigerated to frozen aisles, resulting in significant product unavailability and temporary distribution gaps throughout the quarter. Management expects to regain much of this shelf presence in subsequent quarters, which should help stabilize retail sales volumes. Production network consolidation challenges: The company's shift to consolidate manufacturing and ramp up internal production at the Devault, Pennsylvania facility led to delays and lower-than-expected throughput. Brown noted these startup inefficiencies, combined with lower sales volumes, increased per-unit costs and weighed on margins for the quarter. Extraordinary operating expenses: Beyond Meat's operating expenses included over $7 million in non-recurring items, such as legal arbitration costs, inventory provisions tied to strategic inventory reductions, and expenses related to suspending activities in China. Excluding these, baseline operating expenses continued to decline year over year. Category softness and consumer caution: Management described broad macroeconomic uncertainty and reduced consumer confidence as key drivers of category-wide volume softness, particularly in U.S. retail and food service. CFO Kutua observed that 'flexitarian' consumers—those who purchase both plant-based and animal proteins—are especially sensitive to economic pressures, which can trigger a shift away from plant-based products. Marketing and brand perception efforts: Management believes lingering misperceptions about plant-based protein remain a key barrier to growth. Recent marketing campaigns, such as 'Real People, Real Results,' aim to address health and nutrition concerns, while certifications from organizations like the American Heart Association seek to reinforce Beyond Meat's value proposition. Management's outlook centers on restoring U.S. retail distribution, improving production efficiency, and shifting consumer perceptions through targeted marketing and product innovation. Retail distribution recovery: Management expects regaining shelf space in key U.S. retailers will be a primary driver of improved sales volumes in the coming quarters. Brown indicated that about 70% of Q1's client volume shortfall was tied to distribution gaps, with most lost placements anticipated to return as the year progresses. Margin improvement initiatives: The company is focused on consolidating manufacturing operations, optimizing its product mix, and reducing overhead. CFO Kutua noted ongoing efforts to stabilize and grow core products, which are essential for gross margin expansion. Management expects benefits from production efficiency at the Devault facility and seasonality to support improved margins over the remainder of the year. Consumer engagement and perception: Beyond Meat is intensifying its marketing campaigns to counter misinformation and highlight product health benefits. The new 'Real People, Real Results' program, along with expanded product certifications, aims to rebuild consumer trust and drive trial among health-conscious shoppers. Management sees this as critical for regaining velocity and returning to growth. In upcoming quarters, the StockStory team will monitor (1) the pace of U.S. retail distribution recovery and resulting changes in sales volumes, (2) measurable progress in production efficiency and gross margin improvements at consolidated facilities, and (3) the impact of new marketing initiatives and product launches on consumer engagement. Execution in these areas will be critical for Beyond Meat's turnaround. Beyond Meat currently trades at a forward price-to-sales ratio of 0.9×. In the wake of earnings, is it a buy or sell? See for yourself in our full research report (it's free). Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-06-2025
- Business
- Yahoo
Was Jim Cramer Right to Warn Investors Against Buying Beyond Meat (BYND) a Year Ago?
We recently published a list of . In this article, we are going to take a look at where Beyond Meat, Inc. (NASDAQ:BYND) stands against other stocks that Jim Cramer discusses. Back in that segment, a viewer curious about alternative meat stocks asked about Beyond Meat, Inc. (NASDAQ:BYND) as a potential long-term play. Cramer dismissed the company outright, favoring a more conservative food stock: 'No. Don't own that — way too risky. I'd rather have you own Hormel down here. I think it's a better play.' Great call. The stock has sunk by -59.02% since those comments. Workers bottling plant-based meat products on an automated production line. Beyond Meat Inc. (NASDAQ:BYND) develops plant-based meat substitutes designed to replicate the taste and texture of animal products while offering environmental and health benefits. Recently in May, a caller asked Cramer if they should buy the stock at these levels, to which Cramer replied with another straight-forward: 'No, don't want to own that. Way too risky.' Overall, BYND ranks 8th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of BYND as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
09-06-2025
- Business
- Yahoo
Was Jim Cramer Right to Warn Investors Against Buying Beyond Meat (BYND) a Year Ago?
We recently published a list of . In this article, we are going to take a look at where Beyond Meat, Inc. (NASDAQ:BYND) stands against other stocks that Jim Cramer discusses. Back in that segment, a viewer curious about alternative meat stocks asked about Beyond Meat, Inc. (NASDAQ:BYND) as a potential long-term play. Cramer dismissed the company outright, favoring a more conservative food stock: 'No. Don't own that — way too risky. I'd rather have you own Hormel down here. I think it's a better play.' Great call. The stock has sunk by -59.02% since those comments. Workers bottling plant-based meat products on an automated production line. Beyond Meat Inc. (NASDAQ:BYND) develops plant-based meat substitutes designed to replicate the taste and texture of animal products while offering environmental and health benefits. Recently in May, a caller asked Cramer if they should buy the stock at these levels, to which Cramer replied with another straight-forward: 'No, don't want to own that. Way too risky.' Overall, BYND ranks 8th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of BYND as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
