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Beyond Meat's 2019 IPO aligned with broader excitement around plant-based meats. Yet declining sales, layoffs, and shuttered factories dominate headlines today.
Beyond Meat was off to a sizzling start when it went public in 2019. Better-tasting products from the company and others in the plant-based meat industry drove soaring stock prices and booming sales, while growing partnerships with restaurants and retailers increased consumer acceptance.
Beyond Meat (BYND) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Beyond Meat expects -2% to +3% net revenue growth in 2025. The company is aiming to improve its gross margins to 20% in 2025, although it fell around 4% short of initial 2024 gross margin expectations. Beyond Meat raised $46.7 million from an at-the-market equity offering in Q4, 2024.
Shares of Beyond Meat (BYND -10.39%) are having another rough week after the plant-based meat company issued another disappointing earnings report. The company missed bottom-line estimates, announced another round of layoffs and cost cuts, and its guidance for 2025 was below expectations.
Beyond Meat, Inc. (NASDAQ:BYND ) Q4 2024 Earnings Conference Call February 26, 2025 5:00 PM ET Company Participants Paul Sheppard - VP, FP&A, & IR Ethan Brown - Founder, President & CEO Lubi Kutua - CFO & Treasurer Conference Call Participants Ben Theurer - Barclays Kaumil Gajrawala - Jefferies Ken Goldman - JPMorgan Robert Moskow - TD Cowen Alexia Howard - Bernstein Peter Saleh - BTIG Operator Good afternoon, and welcome to the Beyond Meat Fourth Quarter and Full Year 2024 Conference Call. All participants are in listen-only mode.
Beyond Meat (BYND) came out with a quarterly loss of $0.65 per share versus the Zacks Consensus Estimate of a loss of $0.44. This compares to loss of $0.92 per share a year ago.
Companies like United Natural Foods, Sprouts Farmers and Beyond Meat are responding to the rising demand for organic and ethically sourced foods.
As the agricultural landscape evolves, companies like TSN, BYND and INGR are leading the way with their proactive efforts in ag tech and food innovation.
The healthy foods market is growing as consumers seek nutritious options that promote overall well-being. With a focus on organic, functional foods free from additives, demand is rising due to health-conscious choices and government support. The healthy foods market is growing as consumers seek nutritious options that promote overall well-being. With a focus on organic, functional foods free from additives, demand is rising due to health-conscious choices and government support.