Beyond Meat (BYND) continues to face declining revenues, high cash burn, and significant shareholder dilution following its debt exchange and at-the-market share sales. Q3 results showed net revenues down 13.3% year-over-year, with US retail and food service segments especially weak, and only minor growth in international foodservice. Despite deleveraging the balance sheet and improving the cash position, BYND's estimated cash per share is only ~$0.50, far below some social media claims.
Beyond Meat (BYND) came out with a quarterly loss of $0.47 per share versus the Zacks Consensus Estimate of a loss of $0.41. This compares to a loss of $0.41 per share a year ago.
Beyond Meat is selling fewer products at fewer outlets as its struggles continue.
Beyond Meat posted a bigger loss for the third quarter on Monday, as the plant-based meat maker grappled with persistent sluggish demand for its products and mounting costs.
Beyond Meat remains a high-risk stock after a major debt restructuring, with shares down over 99% in five years. BYND continues to face revenue declines, with persistent losses and cash burn, raising concerns about future dilution or expensive debt. BYND stock's valuation remains unjustified compared to stable industry peers like TSN and HRL, despite the short-term removal of bankruptcy risk.
Beyond Meat has become a meme stock on a wild ride. Here's what to know about his relatively humble real estate holdings.
The meme stock said that it needs more time to quantify a previously disclosed impairment charge.
Beyond Meat surprised Wall Street with the announcement Monday.
Beyond Meat NASDAQ: BYND had a great origin story. The company develops, manufactures, and sells plant-based meat substitutes designed to replicate the taste, texture, and appearance of animal-based proteins.
Shares of the maker of plant-based meat substitutes Beyond Meat (NASDAQ:BYND) exploded higher by over 1,300% in a few days before crashing back to earth, shattering the quick gains that traders hoped to hang onto.
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