Beyond Meat Inc is a pioneering company in the food industry that specializes in producing plant-based meat substitutes designed to replicate the taste and texture of traditional meat products
Their innovative offerings cater to consumers looking for alternatives that align with healthier lifestyles and sustainable practices, addressing concerns around environmental impact, animal welfare, and personal health. Beyond Meat develops a range of products, including burgers, sausages, and ground meat, which are available in grocery stores, restaurants, and foodservice operations, aiming to provide a delicious and satisfying experience for both meat-eaters and those reducing their meat consumption.
There are songs that no one should sing at karaoke, just as there are stocks that no one should buy. What are some terrible karaoke songs that align with the stocks you must avoid? I’ll give you three.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the perishable food industry, including Pilgrim's Pride (NASDAQPPC) and its peers.
Well, this is just plain sad. I haven't looked at Beyond Meat's stock in a while, but it’s down over 99%. It now has a market cap of just a couple hundred million dollars.
Consumer staples stocks are seen as defensive plays because they’re typically safe havens in turbulent markets.
On the other hand, they usually underperform during bull runs, but the sector has bucked this trend lately as its six-month return of 10.3% has closely followed the S&P 500.
Shares of video game retailer GameStop (NYSEGME)
jumped 8.5% in the morning session after the company reported impressive third-quarter earnings, which blew past analysts' expectations. Its gross margin also outperformed Wall Street's estimates, fueled by a pivot to high-margin products and better control over stock levels. On the other hand, its revenue fell short. Overall, this quarter had some key positives.
The past six months haven’t been great for Beyond Meat. It just made a new 52-week low of $4.19, and shareholders have lost 41.2% of their capital. This might have investors contemplating their next move.
Discover how overhyped stocks like Mullen, Peloton, and Beyond Meat failed to meet expectations and the crucial investing lessons from their downturns.
Plant-based protein company Beyond Meat (NASDAQBYND) beat Wall Street’s revenue expectations in Q3 CY2024, with sales up 7.6% year on year to $81.01 million. The company expects the full year’s revenue to be around $325 million, close to analysts’ estimates. Its non-GAAP loss of $0.41 per share was also 12.3% above analysts’ consensus estimates.
