BEYOND MEAT, INC.

(BYND)
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Delayed Nasdaq  -  04:00 2022-08-17 pm EDT
34.71 USD   -3.13%
08/11BEYOND MEAT, INC. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (form 10-Q)
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08/11INSIDER SELL : Beyond Meat
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08/08Mizuho Securities Adjusts Beyond Meat's Price Target to $27 From $21, Maintains Neutral Rating
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Beyond Meat cuts revenue forecast as plant-based boom fizzles out

08/04/2022 | 04:11pm EDT
FILE PHOTO: Products from Beyond Meat Inc, the vegan burger maker, are shown for sale at a market in Encinitas, California

(Reuters) - Beyond Meat Inc lowered its forecast for 2022 revenue on Thursday, indicating demand for its plant-based products at restaurants and grocery stores is fizzling out in the United States.

The company forecast 2022 revenue between $470 million and $520 million. It had previously projected revenue for 2022 of $560 million to $620 million.

(Reporting by Praveen Paramasivam in Bengaluru; Editing by Maju Samuel)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BEYOND MEAT, INC. -3.13% 34.71 Delayed Quote.-46.73%
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 -0.23% 182.825 End-of-day quote.8.78%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 0.00% 141.75 End-of-day quote.1.47%
All news about BEYOND MEAT, INC.
08/11BEYOND MEAT, INC. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESU..
AQ
08/11INSIDER SELL : Beyond Meat
MT
08/08Mizuho Securities Adjusts Beyond Meat's Price Target to $27 From $21, Maintains Neutral..
MT
08/08Barclays Adjusts Beyond Meat's Price Target to $30 From $25, Keeps Equalweight Rating
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08/05SECTOR UPDATE : Consumer Discretionary Stocks Add to Friday Slide
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08/05SECTOR UPDATE : Consumer Stocks Struggle After Investors See Strong Jobs Growth as Bad New..
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08/05UBS Adjusts Beyond Meat Price Target to $30 From $20, Maintains Neutral Rating
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08/05WALL STREET STOCK EXCHANGE : Another case of good news is bad news
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08/05SECTOR UPDATE : Consumer Stocks Decline Pre-Bell Friday
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Financials (USD)
Sales 2022 486 M - -
Net income 2022 -330 M - -
Net Debt 2022 716 M - -
P/E ratio 2022 -6,68x
Yield 2022 -
Capitalization 2 210 M 2 210 M -
EV / Sales 2022 6,02x
EV / Sales 2023 5,42x
Nbr of Employees 1 108
Free-Float 91,3%
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 20
Last Close Price 34,71 $
Average target price 25,94 $
Spread / Average Target -25,3%
EPS Revisions
Managers and Directors
Ethan Walden Brown President, Chief Executive Officer & Director
Philip E Hardin Chief Financial Officer
Seth Goldman Chairman
Douglas Wayne Ramsey Chief Operating Officer
Raymond J. Lane Lead Independent Director
Sector and Competitors