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 reported first-quarter 2022 net revenues of $109.5 million, a 1.2% year-over-year increase. Gross profit was significantly reduced to $0.2 million (0.2% margin), down from $32.7 million (30.2% margin) a year ago, primarily due to the launch of Beyond Meat Jerky. The company incurred a net loss of $100.5 million ($1.58 per share), worsening from $27.3 million the previous year. Despite challenges, management reaffirmed full-year 2022 revenue guidance of $560 million to $620 million, expecting growth of 21% to 33% compared to 2021.
Beyond Meat (NASDAQ: BYND) plans to release its Q1 financial results for the period ended April 2, 2022, on May 11, 2022, after market close.
A conference call to discuss these results will be held at 5:00 p.m. ET with an investor dial-in at 412-317-6026. A live webcast will also be available on Beyond Meat’s website.
Beyond Meat is recognized for its portfolio of plant-based meats, emphasizing health and sustainability.
Beyond Meat (NASDAQ: BYND) is expanding the availability of its popular Beyond Chicken Tenders at major retailers including Albertsons, CVS, Kroger, Sprouts, and Whole Foods Market. Starting April 12, 2022, these products are now available nationwide, enhancing access to plant-based protein.
The tenders are lower in saturated fat compared to traditional chicken nuggets and contain no antibiotics or hormones. This move aims to meet the growing consumer demand for sustainable food options.
Beyond Meat has announced a proposed settlement regarding stockholder derivative litigation in the United States District Court for the Central District of California. This settlement aims to resolve claims against current and former directors and officers while the company remains a nominal defendant. If approved, the settlement will result in the adoption of corporate governance reforms and a payment of $515,000 in attorneys' fees. A hearing is scheduled for July 11, 2022, to determine the settlement's fairness and adequacy, with stockholders barred from contesting it after approval.
Beyond Meat and Rite Aid have teamed up to launch the Beyond Burger and Beyond Meatballs at around 2,000 Rite Aid stores across the U.S. This initiative aims to enhance accessibility to nutritious plant-based meat options for consumers. The Beyond Burger contains 35% less saturated fat than traditional beef, while the meatballs offer 30% less saturated fat and sodium compared to leading animal-based brands. The products are available in the frozen aisle, supporting Beyond Meat’s goal to make plant-based options convenient and widely available.
Beyond Meat and PepsiCo launched Beyond Meat Jerky, the first product from their joint venture, Planet Partnership, on March 23, 2022. This nutritious, plant-based jerky offers 10g of protein per serving and is available in Original, Hot & Spicy, and Teriyaki flavors. The product is shelf-stable and distributed through various channels, enhancing accessibility. Dan Moisan, CEO of Planet Partnership, emphasized its role in delivering sustainable snack options. Founded in 2021, Planet Partnership aims to innovate food products that benefit health and the environment.
Beyond Meat (BYND) reported its 2021 financial results, with fourth-quarter net revenues of $100.7 million, down 1.2% year-over-year, and a net loss of $80.4 million, equating to $1.27 per share. Full-year revenues rose 14.2% to $464.7 million, with a net loss of $182.1 million. Key highlights include a 19.5% decline in U.S. retail revenues, partially offset by strong international growth of 76.9%. Looking ahead, the company expects 2022 revenues between $560 million and $620 million, indicating growth of 21% to 33%. CEO Ethan Brown emphasized ongoing investments in infrastructure and growth despite short-term challenges.
Beyond Meat, Inc. (NASDAQ: BYND) will report its financial results for Q4 and the full year ended December 31, 2021, on February 24, 2022, after market close. A conference call will follow at 5:00 p.m. ET to discuss these results. Investors can join the call at 412-317-5180 or via a live webcast on the company's website. Beyond Meat continues to lead in the plant-based meat sector with products available in approximately 128,000 retail and foodservice outlets across over 85 countries.
Beyond Meat and Pizza Hut Canada have announced the permanent addition of Beyond Italian Sausage Crumbles to their menu, responding to rising consumer demand for plant-based options. The item debuted after a successful trial in Toronto and Edmonton. The crumbles can top any pizza and are featured in three signature dishes: The Great Beyond™, Beyond Italian Sausage™ Alfredo Loaded Flatbread, and Beyond Creamy Alfredo. This initiative aligns with a global partnership between Yum! Brands and Beyond Meat to enhance plant-based offerings across markets.
Kentucky Fried Chicken and Beyond Meat are launching the highly-anticipated plant-based Beyond Fried Chicken nationwide on January 10, 2022. This collaboration marks a significant milestone in the fast-food sector, as KFC was the first major QSR to introduce plant-based chicken, starting with tests in August 2019. Customers can enjoy this new offering with various dipping sauces, available in combo meals or à la carte, starting at $6.99. The product is designed to provide the iconic KFC flavor in a plant-based format. Orders can be placed via KFC's app for quick pick-up.
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