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Beyond Meat, Inc. - BYND STOCK NEWS

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 trailblazer in the plant-based meat industry, offering a wide array of revolutionary products. Founded in 2009, the company is committed to transforming the future of protein by creating delicious and nutritious meat alternatives directly from plants. Beyond Meat’s product lineup includes popular items such as burgers, sausages, ground beef, jerky, meatballs, and chicken, designed to replicate the taste and texture of traditional animal-based meats while providing significant nutritional and environmental benefits.

By bypassing the animal altogether, Beyond Meat enables families to enjoy dishes they love, like beef nachos, chili, pasta Bolognese, and chicken fajitas, without the downsides associated with animal protein. The company's mission is deeply rooted in positively impacting human health and the health of our planet. Beyond Meat's products are available in major retailers such as Whole Foods, Target, Safeway, Publix, and Walmart, as well as over 11,000 stores nationwide and various food service distributors.

Recently, Beyond Meat announced a strategic partnership with Madison Square Garden Sports Corp. and Madison Square Garden Entertainment Corp., becoming the first-ever Official Plant-Based Meat Partner of Madison Square Garden. This collaboration includes the launch of the GO BEYOND® GRILL, which will exclusively feature Beyond Meat's products during events at the iconic venue. The new concession stand will offer items like the Beyond® Smashable Burger and the meatier Beyond Sausage®, alongside exclusive dishes featuring Beyond Steak®.

Financially, the company has faced some challenges. In the third quarter of 2023, Beyond Meat reported a revenue decline of 8.7% compared to the previous year, with net revenues reaching $75.3 million. Despite this, the company continues to expand its global footprint, with products available in approximately 190,000 retail and foodservice outlets across over 75 countries. The company remains focused on long-term strategies to reduce operating expenses and improve profitability.

Beyond Meat's commitment to innovation is evident in its continuous efforts to improve its product offerings. The company's products are made from simple, plant-based ingredients and are free from GMOs, added hormones, antibiotics, and cholesterol. This dedication to quality and sustainability underscores Beyond Meat's brand promise: Eat What You Love®. By shifting from animal-based meat to plant-based protein, Beyond Meat aims to address critical global issues such as human health, climate change, resource constraints, and animal welfare.

News

Beyond IV, the Fourth Generation of the Beyond Burger® and Beyond Beef®, Debuts at Grocery Stores Across the U.S. Including at Walmart and Kroger

Rhea-AI Summary
Beyond Meat, Inc. (NASDAQ: BYND) has launched the fourth generation Beyond Burger® and Beyond Beef®, offering 21g of plant-based protein and just 2g of saturated fat per serving. The products, made with avocado oil, are now available at grocery stores nationwide, including Walmart and Kroger. Consumer feedback has been positive, with a meatier flavor preferred over the previous version.
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Beyond Meat® Unveils New and Expanded Line of Beyond Crumbles, Now Certified by the American Heart Association’s Heart-Check Program and the American Diabetes Association’s Better Choices for Life Program

Rhea-AI Summary
Beyond Meat (BYND) introduces new plant-based Beyond Crumbles with improved nutrition, available in three flavors. The product is heart-healthy, certified by the American Heart Association and the American Diabetes Association. Beyond Meat continues to innovate with a focus on taste, health benefits, and clean ingredients.
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Beyond Meat® Reports Fourth Quarter and Full Year 2023 Financial Results

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Beyond Meat (BYND) reported financial results for Q4 and full year 2023 with net revenues of $73.7 million and $343.4 million respectively, showing decreases year-over-year. Gross profit was a loss of $83.9 million in Q4. The company experienced a net loss of $155.1 million in Q4. Adjusted EBITDA was a loss of $125.1 million in Q4. The company aims to reduce operating expenses, improve margins, and strengthen its balance sheet in 2024.
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Beyond Meat® Unveils Its Beyond IV Platform, the Fourth Generation of the Beyond Burger® and Beyond Beef®, With Significant Advancements Across Taste, Health and Clean Label

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Beyond Meat, Inc. (NASDAQ: BYND) introduces the fourth generation of its core beef platform, Beyond IV, unveiling new Beyond Burger and Beyond Beef products made with avocado oil, offering heart-healthy fats, 21g of protein, and just 2g of saturated fat per serving. The products result from a multi-year research effort with medical and nutrition experts to meet top health standards, with reduced sodium and added nutrient-dense plant-based ingredients. Recognized by leading health organizations, the products are Clean Label Project Certified and nutritionist-approved, providing a healthier alternative to traditional beef.
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Beyond Meat® to Report Fourth Quarter and Full Year 2023 Financial Results on February 27, 2024

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Beyond Meat, Inc. (BYND) will announce Q4 and full-year 2023 financial results on February 27, 2024. A conference call will follow the release, with a live webcast available on their website.
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Beyond Meat® Reports Third Quarter 2023 Financial Results

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Beyond Meat, Inc. (NASDAQ: BYND) reported Q3 2023 financial results with net revenues of $75.3 million, a decrease of 8.7% year-over-year. Gross profit was a loss of $7.3 million, with a net loss of $70.5 million. President and CEO Ethan Brown expressed confidence in the long-term trajectory of the business despite current headwinds.
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Beyond Meat® Provides Select Third Quarter Financial Results, Revises 2023 Full Year Outlook, and Plans for Expense Reductions

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Beyond Meat, Inc. announced a business update, revealing select third quarter financial results. Net revenues are expected to be approximately $75 million, with a gross profit loss of around $7 million to $8 million. The company anticipates achieving positive free cash flow of about $7.6 million in Q3 2023. However, management does not expect to sustain free cash flow positive operations in Q4 2023. To improve cost structure, Beyond Meat plans to reduce non-production workforce by 19%, review pricing strategy, utilize inventory management, focus on revenue growth channels and geographies, and counter misinformation in the U.S. retail market.
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BEYOND MEAT® NAMED FIRST-EVER OFFICIAL PLANT-BASED MEAT PARTNER OF MADISON SQUARE GARDEN, NEW YORK KNICKS AND NEW YORK RANGERS

Rhea-AI Summary
Madison Square Garden partners with Beyond Meat, making them the first-ever Official Plant-Based Meat Partner. Beyond Meat's products will be exclusively featured at the GO BEYOND® GRILL, a dedicated concession stand at Madison Square Garden. The partnership aims to meet the growing demand for nutritious and sustainable food options.
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Beyond Meat® Reports Second Quarter 2023 Financial Results

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Beyond Meat reports Q2 2023 financial results, with net revenues of $102.1 million, a decrease of 30.5% YoY. Gross profit was $2.3 million, or 2.2% of net revenues. Net loss was $53.5 million, or $0.83 per common share. Adjusted EBITDA was a loss of $40.8 million, or -40.0% of net revenues.
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Beyond Meat® Debuts Beyond Stack Burger™, the Brand’s Newest Product Innovation, at Select Kroger Stores Nationwide

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Beyond Meat, Inc. (NASDAQ: BYND) has announced the expansion of its burger portfolio with the debut of its new product, the Beyond Stack Burger. This new patty is designed to closely resemble the taste and texture of beef and is perfect for single, double, and triple stacked burgers. The Beyond Stack Burger is being introduced as smash-style burgers have grown in popularity, and it complements the recent launch of the Beyond Smashable Burger in foodservice. Early reviews praise the new burger for being juicy, having a delicate crumble that resembles beef, and being crispy on the outside. The Beyond Stack Burger is customizable, easy to cook, and can be enjoyed as a single patty or stacked multiple patties high. It is a better-for-you option with no added antibiotics or hormones, no GMOs, and 35% less saturated fat than an 80/20 beef burger with 0 mg of cholesterol per serving.
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FAQ

What is the current stock price of Beyond Meat (BYND)?

The current stock price of Beyond Meat (BYND) is $3.55 as of December 20, 2024.

What is the market cap of Beyond Meat (BYND)?

The market cap of Beyond Meat (BYND) is approximately 223.6M.

What does Beyond Meat, Inc. produce?

Beyond Meat, Inc. produces plant-based meat alternatives including burgers, sausages, ground beef, jerky, meatballs, and chicken.

Where can I find Beyond Meat products?

Beyond Meat products are available in major retailers like Whole Foods, Target, Safeway, Publix, Walmart, and more than 11,000 stores nationwide. They are also sold through various food service distributors.

What is the GO BEYOND® GRILL?

The GO BEYOND® GRILL is a dedicated concession stand at Madison Square Garden that exclusively features Beyond Meat's plant-based products during events.

How has Beyond Meat performed financially recently?

In the third quarter of 2023, Beyond Meat reported a revenue decrease of 8.7%, with net revenues of $75.3 million, compared to the same period the previous year.

What are the benefits of Beyond Meat products?

Beyond Meat products offer the taste and texture of animal-based meat while providing nutritional and environmental benefits. They contain no GMOs, added hormones, antibiotics, cholesterol, and have lower saturated fat levels.

How does Beyond Meat positively impact the planet?

By producing plant-based meat, Beyond Meat helps address issues such as human health, climate change, constraints on natural resources, and animal welfare.

What is the mission of Beyond Meat?

Beyond Meat's mission is to positively impact human health and the health of our planet through innovative plant-based meat products.

Who are Beyond Meat's recent strategic partners?

Beyond Meat has partnered with Madison Square Garden Sports Corp. and Madison Square Garden Entertainment Corp. to become the Official Plant-Based Meat Partner of Madison Square Garden.

What ingredients are used in Beyond Meat products?

Beyond Meat products are made from simple, plant-based ingredients and do not contain GMOs, added hormones, antibiotics, or cholesterol.

How widespread is Beyond Meat's global presence?

As of June 2023, Beyond Meat products are available at approximately 190,000 retail and foodservice outlets in over 75 countries worldwide.

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Beyond Meat, Inc.

Nasdaq:BYND

BYND Rankings

#3764 Ranked by Market Cap
N/A Ranked by Dividends

BYND Stock Data

223.65M
61.57M
4.89%
47.28%
42.79%
Packaged Foods
Food and Kindred Products
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