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 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.
Beyond Meat has finalized a lease for a new state-of-the-art R&D center in Shanghai, marking its first dedicated facility outside the U.S. This facility is a crucial part of the company's plan to expand in Asia's plant-based meat market. Equipped with advanced technology, it will enable rapid product development and innovation tailored to the local palate. The R&D center aims to support Beyond Meat's global growth and commitment to providing plant-based proteins that match the taste and quality of animal products. The facility is expected to open in the first half of 2022.
Beyond Meat announces the appointment of Jorg Oostdam as the new General Manager for Europe. Oostdam brings over 20 years of experience in the food industry, including significant roles at Mars and Zed Candy. His leadership will drive Beyond Meat's expansion in Europe, aiming to enhance local production and supply chain capabilities. The European plant-based food market is growing rapidly, with a 49% increase in demand over recent years. Beyond Meat's existing operations in the Netherlands will support this growth and help achieve price parity with animal protein.
Beyond Meat has appointed Jorg Oostdam as General Manager, Europe to oversee its expansion strategy. With over 20 years in the food industry, Oostdam will enhance local production, supply chains, and strategic growth across Europe. His experience includes leadership roles at Mars and Zed Candy, where he successfully expanded market presence. Beyond Meat aims to achieve price parity with animal protein as demand for plant-based meat rises, especially in Europe, which has seen a 49% growth in the sector over recent years. Oostdam starts in February 2022, indicating strong investment in the region.
Beyond Meat appoints Doug Ramsey as Chief Operating Officer and Bernie Adcock as Chief Supply Chain Officer, both from Tyson Foods. This strategic move aims to enhance operations and supply chain efficiency as the company seeks to expand its global footprint.
With Ramsey overseeing poultry and McDonald’s operations, and Adcock focusing on supply chain management, Beyond Meat plans to scale production and meet rising consumer demand. The company continues to innovate, having launched over a dozen new products in the past two years while pursuing price parity with animal proteins.
Beyond Meat reported its third quarter 2021 net revenues of $106.4 million, marking a 12.7% year-over-year increase. International sales surged by 143%, offsetting a 13.9% decline in U.S. revenues, primarily due to lower demand and operational challenges. The net loss was $54.8 million or $0.87 per share, with an adjusted EBITDA loss of $36.8 million. Gross profit fell to $23 million, reflecting a 21.6% gross margin.
For Q4 2021, the company projects revenues between $85 million and $110 million, citing ongoing uncertainty related to COVID-19.
Beyond Meat (NASDAQ: BYND) has reduced its third quarter net revenue outlook to approximately $106 million, down from previous guidance of $120 million to $140 million. Factors impacting this decrease include prolonged declines in retail orders, particularly from a Canadian distributor, and operational challenges like severe weather and labor shortages. While some orders from an international customer were accelerated, the overall demand has been negatively affected by the COVID-19 Delta variant. Full results are set to be discussed on November 10, 2021.
Beyond Meat is launching its Beyond Chicken® Tenders at select retailers nationwide in October 2021, following successful foodservice launches and consumer demand. The retail rollout includes increased availability in Walmart, expanding access to its popular plant-based products. The Beyond Chicken Tenders are pre-cooked and designed to replicate the taste of traditional chicken tenders while containing 50% less saturated fat. This initiative reflects Beyond Meat's commitment to innovation and increasing accessibility to plant-based options across the U.S.