Welcome to our dedicated page for Beyond Meat news (Ticker: BYND), a resource for investors and traders seeking the latest updates and insights on Beyond Meat stock.
Beyond Meat, Inc. (NASDAQ: BYND) is a plant-based meat company whose news flow spans product innovation, retail and foodservice partnerships, corporate responsibility and capital markets activity. The company develops plant-based meats made from simple, non-GMO ingredients without added hormones or antibiotics and with 0 mg of cholesterol per serving, and it regularly issues updates on how these products are being introduced and expanded across channels.
News about Beyond Meat often highlights new product launches and format extensions. Recent announcements include the introduction of Beyond Immerse, a plant-based protein drink that combines plant protein, fiber, antioxidants and electrolytes, offered initially through the company’s Beyond Test Kitchen direct-to-consumer site. Other releases describe the latest iterations of Beyond Burger and Beyond Beef, including versions made with avocado oil and plant proteins from peas, red lentils and faba beans, as well as a Beyond Beef value pack rolling into major grocery chains in Canada.
Investors and observers can also find updates on foodservice and retail collaborations. For example, Beyond Meat has reported that its latest Beyond Burger is available as a patty swap for any beef burger at Hard Rock Cafe company locations in North America, and that Beyond Burger and Beyond Beef are available at Erewhon stores. These announcements provide detail on how the brand is positioned on menus and in premium retail environments.
Beyond Meat’s news feed additionally covers corporate responsibility and financial topics. The company has released a Corporate Responsibility Report and a Life Cycle Assessment for Beyond Burger IV, outlining estimated environmental benefits relative to an industry average U.S. beef patty. It also issues earnings releases, preliminary financial updates, and disclosures related to exchange offers, convertible notes and other financing arrangements. For ongoing insight into BYND’s product pipeline, partnerships, ESG reporting and capital structure developments, this news page aggregates the company’s latest press releases and related disclosures.
Beyond Meat (NASDAQ: BYND) has expanded its Beyond Steak product line with two new pre-seasoned varieties: Beyond Steak Chimichurri and Beyond Steak Korean BBQ-Style. These new products are now available at Sprouts Farmers Market stores nationwide.
The new offerings maintain the same nutritional profile as the original Beyond Steak, featuring 20g of plant-based protein per serving with only 1g of saturated fat and no cholesterol. Both varieties are certified by the American Heart Association's Heart-Check program and the American Diabetes Association's Better Choices for Life program, and are Non-GMO Project verified.
This launch follows the company's recent introduction of renovated Beyond IV products (Beyond Burger, Beyond Beef, and Beyond Sausage) made with avocado oil, and the new Beyond Sun Sausage line.
Beyond Meat (NASDAQ: BYND) has released its 2023 ESG Report and Life Cycle Assessment (LCA) study for Beyond Steak, highlighting significant environmental benefits compared to pre-cooked beef-based steak tips. The study, which underwent third-party review and followed ISO recommendations, reveals that Beyond Steak generates 84% less greenhouse gas emissions, requires 93% less water, 88% less land use, and 65% less non-renewable energy.
The report includes expanded disclosures on climate management, including corporate-level GHG inventory across Scope 1, 2, and 3 emissions, and climate-related financial risk assessment. New impact attributes show Beyond Steak creates 94% less terrestrial acidification, 95% less marine eutrophication, and 77% less freshwater eutrophication compared to beef alternatives. Beyond Steak also meets the American Heart Association's Heart-Check Mark criteria.
Beyond Meat (NASDAQ: BYND) announces the nationwide rollout of Beyond Sun Sausage™ at Whole Foods Market stores following a successful July launch. The product line, available in Pesto and Cajun flavors, has become a top-selling new plant-based meat in natural grocery retailers. Unlike Beyond Meat's core products, it's not designed to replicate traditional meats. Each link contains 12g of protein from pea, brown rice, and red lentil proteins, with only 1g of saturated fat. The product has earned certifications from the American Heart Association's Heart-Check program and the American Diabetes Association's Better Choices for Life program.
Beyond Meat (NASDAQ: BYND) reported its Q3 2024 financial results with net revenues of $81.0 million, a 7.6% increase year-over-year. The gross profit was $14.3 million, marking a significant improvement from a loss of $7.3 million a year ago. Net loss decreased to $26.6 million from $70.5 million, while adjusted EBITDA loss improved to $19.8 million from $57.5 million. U.S. retail and foodservice channels saw revenue increases of 14.6% and 15.5%, respectively. However, international foodservice revenue declined by 17.2%. Operating expenses were reduced to $45.2 million from $62.4 million. The company expects 2024 net revenues to be between $320 million and $330 million, with a gross margin in the mid-teens. As of September 28, 2024, cash and cash equivalents were $134.9 million, with total debt at $1.1 billion.
Beyond Meat (NASDAQ: BYND) has scheduled its third quarter 2024 financial results announcement for November 6, 2024, after market close. The company will host a conference call at 5:00 p.m. Eastern time to discuss the results. Investors can participate by dialing 412-902-4255, and a simultaneous webcast will be available on the company's investor relations website.
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.