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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.
Shares of Beyond Meat (BYND -2.49%) fell 24.5% in December, according to data from S&P Global Market Intelligence. The plant-based meat company continues to slide as the world trends away from its products.
The Zacks Food - Meat Products industry players have been capitalizing on the growing demand for protein-rich products. Initiatives to enhance production capacity and diversify product offerings position TSN, PPC and BYND well for growth.
EL SEGUNDO, Calif., Dec. 20, 2024 (GLOBE NEWSWIRE) -- With a mission to positively impact human health, climate change, constraints on natural resources and animal welfare, Beyond Meat, Inc. (NASDAQ: BYND), a leader in plant-based meat, today released its 2023 ESG Report and announced its Beyond Steak life cycle assessment (LCA) study.
The most oversold stocks in the consumer staples sector presents an opportunity to buy into undervalued companies.