Beyond Meat Q2 Earnings: Restaurant Sales In Focus As Economy Reopens

investing.com2021-08-04

Reports Q2 results on Thursday, Aug. 5, after the market close Revenue Expectation: $143 billion EPS Expectation: loss of $0.23 Shares of Beyond Meat, Inc. have remained under pressure throughout the...

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Comments

Pixiestars
2021-08-04
Pixiestars
Will be watching this...
- Chifield:
  ttcf also
ArigatoMoney
2021-08-04
ArigatoMoney
[Speechless]
DandanC
2021-08-04
DandanC
Like
geraldzhang
2021-08-04
geraldzhang
the future of meat is artificial meat. get in beforethe stock booms
SASMINE16
2021-08-04
SASMINE16
[Surprised]
boonhong21
2021-08-04
boonhong21
Ok
- Autoph:
  Ok

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BYND shares have fallen 19% during the past month, illustrating investors' nervousness about owning this high-growth stock.\nWhen the Los Angeles-based company releases its second-quarter earnings tomorrow, one of the most important numbers to analyze is how quickly sales from restaurant and food-service sectors are rebounding.\nUnlike other packaged-food companies, Beyond Meat relies heavily on these segments for growth. The emergence of the Delta variant of COVID-19, which forced many countries to re-impose lockdowns and prompted US health authorities to reinstate mask mandates at indoor settings, is making the revenue outlook more uncertain for BYND.\nDespite the pandemic setback, we continue to believe Beyond Meat is a great food stock to own as consumers become more health conscious. Its recent weakness is a bump in the company’s long-term growth potential. 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Its products were being offered in more restaurants (42,000 in the US vs. 30,000+), and more international markets (more than 80 vs. 5), according to a Bloomberg analysisin April.\nBeyond Meat this year announced several expansion plans that should ease investor anxiety, including a new burger, European retail expansion, and the opening of its production plant in China—its first outside the US—to produce and distribute its plant-based products, including Beyond Pork, created specifically for the Chinese market.\nIn January, Beyond Meat finalized its agreements with McDonald's and Yum—two of the largest fast-food companies in the world. The three-year deal with McDonald’s makes Beyond Meat the chain’s “preferred supplier” for the McPlant patty. Beyond Meat and McDonald’s will also explore developing other plant-based menu items, including alternative chicken, pork and eggs.\nBottom Line\nBeyond Meat sales will rebound quickly once the global economy overcomes the pandemic and people resume their routine activities. The company’s leading position in the plant-based food market makes it an ideal candidate to buy on weakness.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":890026411,"gmtCreate":1628068813133,"gmtModify":1703500614288,"author":{"id":"3581832720375359","authorId":"3581832720375359","name":"Pixiestars","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581832720375359","authorIdStr":"3581832720375359"},"htmlText":"Will be watching this...","listText":"Will be watching this...","text":"Will be watching this...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/890026411","repostId":1174986187,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5435048,"gmtCreate":1628155514237,"gmtModify":1663231966326,"authorId":3578976238295519,"author":{"id":3578976238295519,"idStr":"3578976238295519","authorId":3578976238295519,"name":"Chifield","avatar":"https://static.tigerbbs.com/35652f65436cad86ed1f7c0d94afae69","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":890026411,"type":1,"supId":0,"prevId":0,"content":"ttcf <u>also</u>","text":"ttcf <u>also</u>","html":"ttcf <u>also</u>"}],"langContent":"EN"},{"id":890062013,"gmtCreate":1628068125532,"gmtModify":1703500600395,"author":{"id":"4088854238376920","authorId":"4088854238376920","name":"ArigatoMoney","avatar":"https://static.tigerbbs.com/7fdd63d4d735e78c6522c3b0ca49b71d","vip":1,"crmLevel":6,"crmLevelSwitch":1,"idStr":"4088854238376920","authorIdStr":"4088854238376920"},"htmlText":"[Speechless]&nbsp;","listText":"[Speechless]&nbsp;","text":"[Speechless]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/890062013","repostId":1174986187,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":890013209,"gmtCreate":1628065902501,"gmtModify":1703500565774,"author":{"id":"3581765192280157","authorId":"3581765192280157","name":"DandanC","avatar":"https://static.tigerbbs.com/e2a11bfd02ad81137e21e534e8a35232","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581765192280157","authorIdStr":"3581765192280157"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/890013209","repostId":1174986187,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":890036046,"gmtCreate":1628065394485,"gmtModify":1703500555561,"author":{"id":"3586925174439094","authorId":"3586925174439094","name":"geraldzhang","avatar":"https://static.tigerbbs.com/a6ee4e3782e4a4ac9a9642f37d663fbc","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586925174439094","authorIdStr":"3586925174439094"},"htmlText":"the future of meat is artificial meat. get in beforethe stock booms","listText":"the future of meat is artificial meat. get in beforethe stock booms","text":"the future of meat is artificial meat. get in beforethe stock booms","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/890036046","repostId":1174986187,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":890005460,"gmtCreate":1628064351350,"gmtModify":1703500529357,"author":{"id":"3582712040480106","authorId":"3582712040480106","name":"SASMINE16","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3582712040480106","authorIdStr":"3582712040480106"},"htmlText":"[Surprised]&nbsp;","listText":"[Surprised]&nbsp;","text":"[Surprised]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/890005460","repostId":1174986187,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":807778182,"gmtCreate":1628063307746,"gmtModify":1703500508420,"author":{"id":"3575147848250182","authorId":"3575147848250182","name":"boonhong21","avatar":"https://static.tigerbbs.com/4576487764c99ea59dfd1cfcdf89da5b","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3575147848250182","authorIdStr":"3575147848250182"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/807778182","repostId":1174986187,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5422978,"gmtCreate":1628063695219,"gmtModify":1663231912146,"authorId":3575069195817790,"author":{"id":3575069195817790,"idStr":"3575069195817790","authorId":3575069195817790,"name":"Autoph","avatar":"https://static.tigerbbs.com/b0922dd4320d261e4f2f56fc4a467c2a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":807778182,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":63,"commentSize":9,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 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