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, 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.
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.