|Day's Range||9.30 - 9.30|
The Zacks Food - Meat Products industry players, like Hormel Foods (HRL), Tyson Foods (TSN) and Beyond Meat (BYND), gain from the rising demand for protein-rich food and their constant expansion and innovative efforts amid cost inflation.
Buy now, pay later pioneer Affirm (NASDAQ: AFRM) and plant-based meat producer Beyond Meat (NASDAQ: BYND) are two prime examples. Buy now, pay later (BNPL) made a lot of sense when interest rates were low. Particularly for merchants selling big-ticket items, Affirm could help close sales that may have otherwise not happened at all.
Last trading at $10.26, Beyond Meat's stock has slumped from highs of over $239 in the months following its July 2019 initial public offer, among Wall Street's hottest listings that year. Beyond Meat also said it has entered an equity distribution agreement with Goldman Sachs to sell up $200 million worth of its shares, or equivalent to about 30% of its market cap after Thursday's drop. Goldman Sachs analyst Adam Samuelson has a "sell" rating on Beyond Meat's stock, according to Refinitiv.
Shares of plant-based meat company Beyond Meat (NASDAQ: BYND) got hammered on Thursday after the company reported financial results and announced a stock offering. The company had a negative gross profit margin in 2022 but its gross margin jumped to 6.7% in Q1. Beyond Meat's management maintained its full-year revenue guidance of $375 million to $415 million, implying a 1% to 10% year-over-year drop.
The Yahoo Finance Live team analyzes the decline of Beyond Meat stock, what the company may need to spark growth, and consumer trends amid an economic slowdown.
Investing.com -- Stocks were wobbling after disappointing streaming subscriber numbers at Walt Disney and amid renewed weakness in bank stocks. Here are the market movers for May 11.
(Bloomberg) -- Beyond Meat Inc. seeks to raise as much as $200 million in an equity offering as the plant-based burger maker contends with falling sales and a decline in cash reserves. Most Read from BloombergJamie Dimon Says US Needs to 'Finish' the Bank CrisisHedge Funds Drive Credit Suisse CDS Higher on Bets of a PayoutSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimAbu Dhabi Royal’s Firm Shorts US Stocks on Global Recession FearsTurkey Markets Rally as Candidate Withdraw
Investing.com -- Stocks in focus in premarket trade on Thursday, May 11th. Please refresh for updates.
Joining me on today's call are Ethan Brown, founder, president, and chief executive officer; and Lubi Kutua, chief financial officer and treasurer. Please also note that on today's call, management may reference adjusted EBITDA, which is a non-GAAP financial measure.
Investing.com -- Beyond Meat (NASDAQ:BYND) reported better-than-expected quarterly results as cost cuts helped boost margins. Shares initially gained 8% before rotating lower.
EL SEGUNDO, Calif., May 10, 2023 (GLOBE NEWSWIRE) -- Beyond Meat, Inc. (NASDAQ: BYND) (“Beyond Meat” or the “Company”), a leader in plant-based meat, today announced it has filed a prospectus supplement with the U.S. Securities and Exchange Commission (the “SEC”) under which it may offer and sell from time to time and at its discretion shares of its common stock having an aggregate offering price of up to $200.0 million pursuant to an “at the market” offering program (the “ATM Program”). The Com
Beyond Meat (BYND) delivered earnings and revenue surprises of 8.91% and 0.18%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
EL SEGUNDO, Calif., May 10, 2023 (GLOBE NEWSWIRE) -- Beyond Meat, Inc. (NASDAQ: BYND) (“Beyond Meat” or “the Company”), a leader in plant-based meat, today reported financial results for its first quarter ended April 1, 2023. First Quarter 2023 Financial Highlights1 Net revenues were $92.2 million, a decrease of 15.7% year-over-year.Gross profit was $6.2 million, or gross margin of 6.7% of net revenues, compared to gross profit of $0.2 million, or gross margin of 0.2% of net revenues, in the yea
Beyond Steak’s nutrition profile meets the distinguished and trusted Heart-Check Mark criteria from the American Heart Association, which certifies products based on heart-healthy nutrition requirements BEYOND STEAK® BY BEYOND MEAT® IS NOW CERTIFIED BY THE AMERICAN HEART ASSOCIATION’S HEART-CHECK PROGRAM Beyond Steak’s nutrition profile meets the distinguished and trusted Heart-Check Mark criteria from the American Heart Association, which certifies products based on heart-healthy nutrition requ
Every investor naturally wants to earn a lot of money -- that's the very nature that drives investment in the first place. But in addition to looking at the potential reward, investors must also...
EL SEGUNDO, Calif., April 26, 2023 (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 first quarter ended April 1, 2023 on Wednesday, May 10, 2023 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 412-902-4255 which will be answered by a
Inter Parfums' (IPAR) sales increase year over year in first-quarter 2023. Management raises its top-and bottom-line view for 2023.
Coty (COTY) makes several strategic partnerships to enhance its brand portfolio. The company is benefiting from its focus on six strategic pillars.
Inter Parfums (IPAR) focuses on product launches to boost assortment strength. The company's strength in strategic partnerships is driving growth.
Hershey (HSY) will acquire two production facilities from Weaver Popcorn Manufacturing. The move will likely help the company sustain its robust growth in the SkinnyPop brand.
Here is how Beyond Meat (BYND) and Ollie's Bargain Outlet (OLLI) have performed compared to their sector so far this year.
Tyson Foods (TSN) is undertaking several operational and supply chain efficiency programs to place itself better in the long run.
Down 66% year to date, Beyond Meat's (NASDAQ: BYND) stock still can't regain its former glory. Once predicted to take the food world by storm, the synthetic meat producer looks more like a fad whose 15 minutes of fame are over.
Hershey (HSY) is undertaking buyouts to augment portfolio strength and boost revenues. The company regularly brings innovation to its core brands.
Kellogg (K) is bearing the brunt of escalated input cost inflation on global constraints and shortages. In addition, higher SG&A expenses are hurting its performance.