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. (BYND) is a leader in plant-based protein innovation, creating sustainable alternatives to animal meat through advanced food technology. This page serves as your centralized hub for all official company announcements, financial updates, and industry-related developments.
Investors and industry observers will find timely access to earnings reports, product launches, and strategic partnerships, along with analysis of BYND's role in the evolving alternative protein market. The curated collection includes press releases on manufacturing expansions, retail distribution updates, and sustainability initiatives that align with the company's mission.
Content is organized to highlight key business milestones, including innovations in plant-based meat formulations, foodservice channel developments, and nutritional advancements. Visitors can track BYND's progress in making plant-based proteins more accessible through major grocery retailers and restaurant partnerships worldwide.
Bookmark this page for streamlined access to Beyond Meat's official communications. Check regularly for updates on how the company continues to redefine protein consumption through science-driven solutions and environmentally conscious practices.
Beyond Meat has launched new plant-based chicken products, Beyond Chicken Nuggets and Beyond Popcorn Chicken, expanding its portfolio. These items will be available in over 5,000 Kroger and Walmart stores, as well as select retailers nationwide. Each serving contains 14g of plant-based protein, 50% less saturated fat than traditional nuggets, and no cholesterol. This launch follows the introduction of Beyond Steak, which boasts 21g of protein. Beyond Meat aims to innovate rapidly while promoting healthier food choices.
Beyond Meat has launched its new product, Beyond Steak, in over 5,000 Kroger and Walmart stores across the U.S. This plant-based steak aims to provide a flavorful, nutritious alternative with 21 grams of protein per serving, low saturated fat, and 0 mg cholesterol. It is designed for quick preparation and is marketed as a sustainable option for health-conscious consumers. This launch is part of Beyond Meat's strategy to expand its plant-based offerings, enhancing its portfolio that includes other popular products like Beyond Burger and Beyond Beef.
Beyond Meat has announced a significant reduction in workforce, affecting approximately 200 employees, or 19% of its total workforce. This move aims to reduce operating expenses by an estimated $39 million over the next year. Concurrently, the company has revised its 2022 revenue outlook, projecting net revenues between $400 million and $425 million, a decrease of 9% to 14% from 2021. Beyond Meat cites inflation and increased competition as key factors impacting performance. The company aims for cash flow positive operations by mid-2023.
Taco Bell and Beyond Meat are collaborating to launch the Beyond Carne Asada Steak, a plant-based protein available in the Dayton, Ohio area starting October 13, 2022. This innovative product will be priced equivalently to traditional steak options, enhancing accessibility to plant-based meals. The partnership aims to cater to a growing demand for diverse protein choices that are sustainable and flavorful. Taco Bell's emphasis on vegan offerings reflects its commitment to providing affordable plant-based options.
Beyond Meat has announced the immediate suspension of COO Doug Ramsey, with operations now overseen by Senior VP of Manufacturing Operations, Jonathan Nelson. This significant leadership change comes without additional context, leaving investors to speculate on potential impacts on company strategy and operations.
Panda Express has reintroduced Beyond The Original Orange Chicken at over 2,300 U.S. locations, following its successful regional launch in 2021. This limited-time offering, co-developed with Beyond Meat, aims to provide a plant-based alternative to the iconic dish. Initial regional tests showed overwhelming demand, with sales surpassing expectations. Starting on September 26, customers can enjoy a promotion where purchasing a Beyond bowl online with the code 'BEYOND' earns a free bowl. This partnership highlights the growing trend in plant-based dining.
Beyond Meat reported Q2 2022 financial results with net revenues at $147 million, a decline of 1.6% year-over-year. The gross profit was a loss of $6.2 million, marking a gross margin of -4.2%. Significant factors included $14.5 million losses from liquidation sales and increased inventory reserves. The net loss reached $97.1 million, translating to -66.1% of net revenues. Adjusted EBITDA loss widened to $68.8 million. Outlook for 2022 has been downgraded, expecting revenues between $470 million and $520 million, down from previous estimates of $560 million to $620 million.
Beyond Meat, Inc. (NASDAQ: BYND) will report its financial results for Q2 2022 on August 4, 2022, after market close. A conference call to discuss the results is scheduled for 5:00 p.m. ET, accessible via phone or a live webcast on their website. As of March 2022, Beyond Meat products are available in approximately 135,000 locations across over 90 countries. The company is dedicated to promoting plant-based diets that positively impact human health and the environment.
Beyond Meat (NASDAQ: BYND) expands the distribution of its popular Cookout Classic™ burger pack to over 10,000 stores nationwide, making plant-based burgers more accessible this summer. Originally a limited-time offering in 2020, the Cookout Classic became a permanent retail item due to demand. This initiative aims to reduce the price gap between plant-based and animal proteins, promoting a more sustainable food system. Beyond Meat is the leading brand in the refrigerated plant-based meat category, with products available in approximately 135,000 retail and foodservice outlets worldwide.
Beyond Meat announces a new partnership featuring Kim Kardashian as their Chief Taste Consultant. The campaign will promote Beyond Meat's plant-based products, highlighting their health benefits and sustainability. Kardashian expresses her long-time love for the brand and its offerings. Through this collaboration, she aims to inspire consumers to include plant-based options in their diets. Beyond Meat's products are available in approximately 135,000 retail and foodservice outlets worldwide. The company emphasizes its commitment to health, sustainability, and quality as it expands its brand influence.
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