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The Nasdaq and S&P 500 had their worst days since 2022, driven by disappointing earnings from mega-cap names. Recession indicators are flashing yellow, with the “Sahm Rule” unemployment metric edging dangerously close to signaling a downturn.
With plant-based food demand on the rise, more restaurants are offering it as an option. All of which are helping to fuel the upside for some of the best plant-based meat stocks.
EL SEGUNDO, Calif., July 24, 2024 (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 29, 2024 on Wednesday, August 7, 2024 after market close.
U.S. stock futures were mixed this morning, with the Dow futures falling around 50 points on Friday.
24/7 Insights Beyond Meat Inc. (NASDAQ: BYND) stock soared in its debut in 2019.
A restructuring could leave investors holding the bag.
The plant-based meat craze may be over for one of the industry's top companies likely on its way out. Beyond Meat (NASDAQ: BYND ) stock once traded at more than $230 per share as consumers bought up its products.
The vegan meat player is reportedly looking to renegotiate its current debt to bondholders. Continued losses and shrinking revenue underscore the likelihood that Beyond Meat is being forced into these discussions.
U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 50 points on Thursday.
Beyond Meat has engaged with a group of bondholders to initiate discussions about a balance-sheet restructuring, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.