Beyond Meat Soars 77% on Strong International Sales

Bloomberg02-28

(Bloomberg) -- Beyond Meat Inc. surged 77% in late trading after it reported fourth-quarter sales that surpassed expectations.Revenue of $73.7 million was above the average analyst estimate of $66.8 ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2414318023?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-02-28 07:01","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2414318023","market":"us","top_or_hot":-1,"title":"Beyond Meat Soars 77% on Strong International Sales","media":"Bloomberg","content":"<div>\n<p>(Bloomberg) -- Beyond Meat Inc. surged 77% in late trading after it reported fourth-quarter sales that surpassed expectations.Revenue of $73.7 million was above the average analyst estimate of $66.8 ...</p>\n\n<a href=\"https://finance.yahoo.com/news/beyond-meat-soars-more-100-221222444.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Beyond Meat Soars 77% on Strong International Sales</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBeyond Meat Soars 77% on Strong International Sales\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-28 07:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/beyond-meat-soars-more-100-221222444.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Beyond Meat Inc. surged 77% in late trading after it reported fourth-quarter sales that surpassed expectations.Revenue of $73.7 million was above the average analyst estimate of $66.8 ...</p>\n\n<a href=\"https://finance.yahoo.com/news/beyond-meat-soars-more-100-221222444.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BYND","symbol_name":"Beyond Meat, Inc.","start_time":0,"source_url":"https://finance.yahoo.com/news/beyond-meat-soars-more-100-221222444.html","article_id":"2414318023","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2414318023","pubTimestamp":1709074872,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":" -- Beyond Meat Inc. surged as much as 106% in late trading after it reported fourth-quarter sales that surpassed expectations.Apple to Wind Down Electric Car Effort After Decadelong Odyssey. A Spike in Heart Disease Deaths Since Covid Is Puzzling Scientists. Office Tower Deal for $1 Reveals Anxiety Among Longtime Buyers. Nigeria Delivers Jumbo Rate Hike to Aid Its Battered Naira. Treasuries Mixed Amid Another Flurry of Bond Sales: Markets Wrap. Revenue of $73.7 million was above the average analyst estimate of $66.8 million compiled by Bloomberg. Sales in both the US and international channels beat expectations.Chief Executive Officer Ethan Brown said the company would take a number of actions in 2024 to find a path to profitability, including reducing operating expenses, adjusting prices and releasing a new, healthier Beyond Burger. As part of its effort to streamline its operations, the company says it discontinued its Beyond Meat Jerky line, which was launched through a joint ventu","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BYND":"Beyond Meat, Inc."},"translate_title":"Beyond Meat在强劲的国际销售中飙升77%","themeId":"c0d77e622a6742cf8335299f8317b4b4","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BYND":1},"content_text":"(Bloomberg) -- Beyond Meat Inc. surged 77% in late trading after it reported fourth-quarter sales that surpassed expectations.Revenue of $73.7 million was above the average analyst estimate of $66.8 million compiled by Bloomberg. Sales in both the US and international channels beat expectations. Chief Executive Officer Ethan Brown said the company would take a number of actions in 2024 to find a path to profitability, including reducing operating expenses, adjusting prices and releasing a new, healthier Beyond Burger. As part of its effort to streamline its operations, the company says it discontinued its Beyond Meat Jerky line, which was launched through a joint venture with PepsiCo Inc.The changes, “together with measures we plan to pursue this year to bolster our balance sheet, will strengthen our near-term operations,” Brown said in a statement.Revenue fell 7.8% from a year earlier, with the California-based company’s international growth helping to offset steep declines in US revenue. US retail sales were down 23% and foodservice sales were down 26% in the period, despite the discounts the company offered. Internationally, however, sales were up 22% in retail and 34% in foodservice. The company offered discounts abroad, as well.The alternative-protein maker also brought down its operational spending substantially in 2023, to $107.8 million for the year, compared with $320.2 million the year prior. That leaves it with $205.9 million in cash and $1.1 billion in debt.The company sees net revenue in a range of $315 million to $345 million for the full year, compared with analysts’ estimate of $343.9 million.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":6,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2414318023"}