Beyond Meat Stock Price, News & Analysis

Beyond Meat (NASDAQ: BYND) reported Q2 2024 financial results with net revenues of $93.2 million, down 8.8% year-over-year. The company saw a gross profit of $13.7 million (14.7% margin) and a net loss of $34.5 million ($0.53 per share). Despite the revenue decline, Beyond Meat improved its gross margin and reduced operating losses compared to Q2 2023.

Key highlights include:

• U.S. retail channel revenues decreased 7.5% to $44.9 million
• International retail channel revenues fell 12.1% to $17.6 million
• Adjusted EBITDA loss improved to $23.0 million (-24.7% of net revenues)
• Cash and cash equivalents balance was $158.0 million as of June 29, 2024

The company updated its 2024 outlook, projecting net revenues between $320-$340 million and gross margin in the mid-teens range.

Beyond Meat (NASDAQ: BYND), a leader in plant-based meat, has announced it will report its second quarter 2024 financial results on August 7, 2024 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 can participate in the live call by dialing 412-902-4255. Additionally, a live webcast will be available on the Investors section of Beyond Meat's website at www.beyondmeat.com. The webcast will also be archived for future reference.

Beyond Meat (NASDAQ: BYND) has launched Beyond Sun Sausage™, a new plant-based product line exclusively at Sprouts Farmers Market stores nationwide. This innovative offering comes in three flavors: Cajun, Pesto, and Pineapple Jalapeño. Made from wholesome ingredients like yellow pea, brown rice, faba bean, and red lentil proteins, each link contains 12g of clean protein and only 1g of saturated fat.

The product is certified as heart-healthy by the American Heart Association's Heart-Check program and the American Diabetes Association's Better Choices for Life program. Beyond Sun Sausage is versatile, suitable for various meals, and aligns with Beyond Meat's mission to make nutritious, sustainable plant-based eating more accessible.

Beyond Meat has launched its fourth generation Beyond Sausage, available nationwide at major grocery stores like Kroger and Whole Foods Market.

The new Beyond Sausage features enhanced flavor, a meatier texture, and improved nutrition, including 2g of saturated fat and 17g of protein per link. Made with avocado oil, it reduces saturated fat by 66% compared to the previous version and has less sodium.

To celebrate, Beyond Meat also released its first cookbook, Serve Love, featuring heart-healthy recipes certified by the American Heart Association.

Beyond Meat, Inc. reported its first quarter 2024 financial results, with net revenues of $75.6 million, an 18.0% decrease year-over-year. Gross profit was $3.7 million, with a 4.9% margin. Loss from operations was $53.5 million. The company reaffirmed its outlook for 2024, expecting net revenues of $315-$345 million and operating expenses of $170-$190 million.