Beyond Meat was off to a sizzling start when it went public in 2019. Better-tasting products from the company and others in the plant-based meat industry drove soaring stock prices and booming sales, while growing partnerships with restaurants and retailers increased consumer acceptance.
Beyond Meat (BYND) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Beyond Meat expects -2% to +3% net revenue growth in 2025. The company is aiming to improve its gross margins to 20% in 2025, although it fell around 4% short of initial 2024 gross margin expectations. Beyond Meat raised $46.7 million from an at-the-market equity offering in Q4, 2024.
Shares of Beyond Meat (BYND -10.39%) are having another rough week after the plant-based meat company issued another disappointing earnings report. The company missed bottom-line estimates, announced another round of layoffs and cost cuts, and its guidance for 2025 was below expectations.
Companies like United Natural Foods, Sprouts Farmers and Beyond Meat are responding to the rising demand for organic and ethically sourced foods.
As the agricultural landscape evolves, companies like TSN, BYND and INGR are leading the way with their proactive efforts in ag tech and food innovation.
Shares of Beyond Meat (BYND -2.49%) fell 24.5% in December, according to data from S&P Global Market Intelligence. The plant-based meat company continues to slide as the world trends away from its products.
Tyson Foods, Pilgrim's Pride, and Beyond Meat are included in the Zacks Industry Outlook report.
The Zacks Food - Meat Products industry players have been capitalizing on the growing demand for protein-rich products. Initiatives to enhance production capacity and diversify product offerings position TSN, PPC and BYND well for growth.
The allure of quick riches often leads investors down unpredictable and volatile paths. While offering the potential for rapid gains, these investments also carry substantial risk.