Latest news with #BeyondChickenPieces
Yahoo
8 hours ago
- 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 Looking forward, Beyond Meat has withdrawn its full-year guidance, citing ongoing uncertainty in consumer demand and the broader economic environment.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
New York Post
19-05-2025
- Entertainment
- New York Post
Beyond Meat recipes for the ultimate Memorial Day cookout
New York Post may be compensated and/or receive an affiliate commission if you click or buy through our links. Featured pricing is subject to change. Memorial Day is basically the Super Bowl of cookouts. The grill is hot, the group chat is hotter, and someone always forgets the buns. But if you're planning to serve the usual burgers and dips, it's time for an upgrade — one that skips the meat sweats and dials up the clean protein. Enter: Beyond Meat. Whether you're hosting vegans, flexitarians, health nuts, or that one cousin who only eats 'clean' but brings a pack of Slim Jims 'just in case,' Beyond Meat has something for everyone. The newly reformulated Beyond Burger and Beyond Beef are packed with 21 grams of plant protein, made with heart-healthy avocado oil, and clock in at just 2 grams of saturated fat per serving (that's 75% less than your average 80/20 ground beef). The best part? They taste like the burgers you grew up grilling: juicy, satisfying, and begging for a slather of BBQ sauce. Beyond Meat The Beyond Burger is a plant-based burger that delivers the juicy, beefy flavor you crave, minus the cholesterol and saturated fat. With 21 grams of complete plant protein per patty, it's crafted from a blend of peas, brown rice, red lentils, and faba beans, and now reformulated with heart-healthy avocado oil and a simplified ingredient list (bye, coconut and canola oil). It grills and sizzles like a traditional burger, making it the perfect centerpiece for cookouts, weeknight dinners, and everything in between. Certified by the American Heart Association and the American Diabetes Association, this is plant-based meat that's as smart as it is satisfying. Advertisement Need a scene-stealing dish? Build a Beyond Sweet BBQ Crunch Burger (yes, it includes kettle chips). For the overachievers bringing apps, go with the Beyond Beef 7-Layer Dip — a crowd-pleaser with substance. And if you're craving something lighter that still hits the protein mark, the Beyond Chinese Chicken Salad, made with their new Beyond Chicken Pieces, is fresh, flavorful, and packs 21 grams of clean, juicy plant-based protein. No GMOs. No cholesterol. No drama. Beyond Chinese Chicken Salad Beyond Meat Beyond Meat The Beyond Chicken Pieces are tender, juicy, and wildly versatile plant-based chicken bites made from simple, clean ingredients. Each serving packs 21 grams of plant protein with just 0.5 grams of saturated fat and zero cholesterol, thanks to a nourishing base of pea protein and heart-healthy avocado oil. Whether tossed into salads, stir-fries, wraps, or skewers, they cook up fast and deliver serious flavor without any GMOs, hormones, or antibiotics. Certified by the American Heart Association, the American Diabetes Association, and the Clean Label Project, these pieces aren't just better for you, they're better, period. Beyond Meat's products are now certified by the American Heart Association, the American Diabetes Association, and the Clean Label Project, so it's not just hype. You can find them nationwide at Walmart, Kroger, Whole Foods, and more. This Memorial Day, grill like you give a damn — about your guests, your body, and your burger. This article was written by Kendall Cornish, New York Post Commerce Editor & Reporter. Kendall, who moonlights as a private chef in the Hamptons for New York elites, lends her expertise to testing and recommending cooking products – for beginners and aspiring sous chefs alike. Simmering and seasoning her way through both jobs, Kendall dishes on everything from the best cookware for your kitchen to cooking classes that will level-up your skills to new dinnerware to upgrade your holiday hosting. Prior to joining the Post's shopping team in 2023, Kendall previously held positions at Apartment Therapy and at Dotdash Meredith's Travel + Leisure and Departures magazines.
