Expected plunge as $Beyond Mea

2022-05-12

Expected plunge as $Beyond Meat, Inc.(BYND)$Is being punished. Everyone is forgetting this plant based food with the economy getting ahead of covid.Personally impossible food taste better though BYND has the larger market share in the US and a stable sales if MCD really goes forward with them. Food industry is too competitive and sometimes it's just hard to convince meat eaters. I don't hold NYND anymore after drop from $62 but it has been giving me good pocket money with the puts.

Beyond Meat's Stock Plunges 21% on Weak Sales, Widening Loss

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Comments

MortimerDodd
2022-05-12
MortimerDodd
I wonder if Bill Gates still loves Beyond Meat as much as ever.
Maria_yy
2022-05-12
Maria_yy
Yes, competition in the food industry is fierce.
ElvisMarner
2022-05-12
ElvisMarner
I wouldn't buy such a flashy company.
ZenInv
2022-05-12
ZenInv
Buying opportunity then?
IAS
2022-05-12
IAS
Get what u mean
SG58
2022-05-14
SG58
ok

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Everyone is forgetting this plant based food with the economy getting ahead of covid.Personally&nbsp;impossible food taste better&nbsp;though BYND has the larger market share in the US and a stable sales if MCD really goes forward with them. Food industry is too competitive and sometimes it's just hard to convince meat eaters. I don't hold NYND anymore after drop from $62 but it has been giving me good pocket money with the puts.&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p>Expected plunge as <a href=\"https://ttm.financial/S/BYND\">$Beyond Meat, Inc.(BYND)$</a>Is being punished. Everyone is forgetting this plant based food with the economy getting ahead of covid.Personally&nbsp;impossible food taste better&nbsp;though BYND has the larger market share in the US and a stable sales if MCD really goes forward with them. Food industry is too competitive and sometimes it's just hard to convince meat eaters. I don't hold NYND anymore after drop from $62 but it has been giving me good pocket money with the puts.&nbsp;</p></body></html>","text":"Expected plunge as $Beyond Meat, Inc.(BYND)$Is being punished. Everyone is forgetting this plant based food with the economy getting ahead of covid.Personally impossible food taste better though BYND has the larger market share in the US and a stable sales if MCD really goes forward with them. Food industry is too competitive and sometimes it's just hard to convince meat eaters. I don't hold NYND anymore after drop from $62 but it has been giving me good pocket money with the puts.","highlighted":2,"essential":1,"paper":1,"likeSize":74,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9064814156","repostId":2234632749,"repostType":4,"repost":{"id":"2234632749","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1652310926,"share":"https://www.laohu8.com/m/news/2234632749?lang=&edition=full","pubTime":"2022-05-12 07:15","market":"us","language":"en","title":"Beyond Meat's Stock Plunges 21% on Weak Sales, Widening Loss","url":"https://stock-news.laohu8.com/highlight/detail?id=2234632749","media":"Dow Jones","summary":"Widening losses amid supply-chain problems send stock plummeting 21% following earnings reportBeyond","content":"<html><head></head><body><p>Widening losses amid supply-chain problems send stock plummeting 21% following earnings report</p><p><img src=\"https://static.tigerbbs.com/8e5f3c4b562fc9f91a60188f7eda4d2c\" tg-width=\"877\" tg-height=\"620\" width=\"100%\" height=\"auto\"/></p><p>Beyond Meat Inc.&#39;s not-so-good 2022 took an ugly turn for the worse Wednesday with quarterly results that lacked sizzle.</p><p>The maker of plant-based meat products reported a net loss of $100.5 million, or $1.58 a share, compared with a net loss of $27.3 million, or 43 cents a share, in the same quarter a year ago.  Net revenue, at $109.5 million, inched up 1% from $108.2 million last year.</p><p>Analysts polled by FactSet expected a net loss of 97 cents a share on revenue of $112.4 million.</p><p>The results sent Beyond Meat&#39;s stock spiraling down 26% in after-hours trading Wednesday, after plunging 14% to $26.12 in the regular session. Shares were headed lower than the $25 price charged in the meat-alternative company&#39;s initial public offering for the first time since the stock began trading roughly three years ago.</p><p>&#34;Though we recognize that the decisions we are making today in support of our long-run ambition have contributed to challenging near-term results, including a sizable though temporary reduction in gross margin as we took cost-intensive measures to support important strategic launches, we are confident in the future we are building while advancing our mission,&#34; Beyond Meat Chief Executive Ethan Brown said in a statement announcing the results.</p><p>Beyond executives warned of &#34;near-term uncertainty related to macroeconomic issues, including inflation and rising interest rates, COVID-19 and its potential impact on consumer behavior and demand levels, labor availability and supply chain disruptions, partially attributable to recent geopolitical tensions.&#34; Beyond also offered fiscal 2022 revenue guidance of between $560 million and $620 million; analysts polled by FactSet expect $580.7 million.</p><p>Then there is the McPlant conundrum.</p><p>McDonald&#39;s Corp. did not mention further expansion of Beyond&#39;s McPlant in the U.S. during its earnings call last week after earlier disputing a report that it planned to keep the plant-based burger as a permanent menu item.</p><p>The confusion began after comments by McDonald&#39;s Global Chief Marketing Officer Morgan Flatley at Fast Company &#39;s Most Innovative Companies Summit on April 27, in which Flatley said the customer dining experience will &#34;dramatically change&#34; in the future, and likely include &#34;very established products&#34; with Beyond Meat like McPlant.</p><p>Beyond Meat&#39;s stock has cratered 60% so far in 2022, while the broader S&amp;P 500 index has dropped 17%.</p><p>Beyond&#39;s battering has shined a bright light on the plant-based meat market, and its ripple effect.</p><p>Impossible Foods Inc., long rumored to be an IPO candidate, is in a holding pattern, based on recent comments from its new CEO, Peter McGuinness.</p><p>&#34;I don&#39;t think it&#39;s a good time for anyone right now as the markets are so incredibly volatile,&#34; he told Food Navigator. &#34;And in the case of Impossible, the cash position is very strong, so there&#39;s plenty of investment to fuel all the growth, so there&#39;s no urgency on going public right now.&#34;</p></body></html>","collect":0,"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's Stock Plunges 21% on Weak Sales, Widening Loss</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; 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}\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's Stock Plunges 21% on Weak Sales, Widening Loss\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-05-12 07:15</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Widening losses amid supply-chain problems send stock plummeting 21% following earnings report</p><p><img src=\"https://static.tigerbbs.com/8e5f3c4b562fc9f91a60188f7eda4d2c\" tg-width=\"877\" tg-height=\"620\" width=\"100%\" height=\"auto\"/></p><p>Beyond Meat Inc.&#39;s not-so-good 2022 took an ugly turn for the worse Wednesday with quarterly results that lacked sizzle.</p><p>The maker of plant-based meat products reported a net loss of $100.5 million, or $1.58 a share, compared with a net loss of $27.3 million, or 43 cents a share, in the same quarter a year ago.  Net revenue, at $109.5 million, inched up 1% from $108.2 million last year.</p><p>Analysts polled by FactSet expected a net loss of 97 cents a share on revenue of $112.4 million.</p><p>The results sent Beyond Meat&#39;s stock spiraling down 26% in after-hours trading Wednesday, after plunging 14% to $26.12 in the regular session. Shares were headed lower than the $25 price charged in the meat-alternative company&#39;s initial public offering for the first time since the stock began trading roughly three years ago.</p><p>&#34;Though we recognize that the decisions we are making today in support of our long-run ambition have contributed to challenging near-term results, including a sizable though temporary reduction in gross margin as we took cost-intensive measures to support important strategic launches, we are confident in the future we are building while advancing our mission,&#34; Beyond Meat Chief Executive Ethan Brown said in a statement announcing the results.</p><p>Beyond executives warned of &#34;near-term uncertainty related to macroeconomic issues, including inflation and rising interest rates, COVID-19 and its potential impact on consumer behavior and demand levels, labor availability and supply chain disruptions, partially attributable to recent geopolitical tensions.&#34; Beyond also offered fiscal 2022 revenue guidance of between $560 million and $620 million; analysts polled by FactSet expect $580.7 million.</p><p>Then there is the McPlant conundrum.</p><p>McDonald&#39;s Corp. did not mention further expansion of Beyond&#39;s McPlant in the U.S. during its earnings call last week after earlier disputing a report that it planned to keep the plant-based burger as a permanent menu item.</p><p>The confusion began after comments by McDonald&#39;s Global Chief Marketing Officer Morgan Flatley at Fast Company &#39;s Most Innovative Companies Summit on April 27, in which Flatley said the customer dining experience will &#34;dramatically change&#34; in the future, and likely include &#34;very established products&#34; with Beyond Meat like McPlant.</p><p>Beyond Meat&#39;s stock has cratered 60% so far in 2022, while the broader S&amp;P 500 index has dropped 17%.</p><p>Beyond&#39;s battering has shined a bright light on the plant-based meat market, and its ripple effect.</p><p>Impossible Foods Inc., long rumored to be an IPO candidate, is in a holding pattern, based on recent comments from its new CEO, Peter McGuinness.</p><p>&#34;I don&#39;t think it&#39;s a good time for anyone right now as the markets are so incredibly volatile,&#34; he told Food Navigator. &#34;And in the case of Impossible, the cash position is very strong, so there&#39;s plenty of investment to fuel all the growth, so there&#39;s no urgency on going public right now.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BYND":"Beyond Meat, Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2234632749","content_text":"Widening losses amid supply-chain problems send stock plummeting 21% following earnings reportBeyond Meat Inc.'s not-so-good 2022 took an ugly turn for the worse Wednesday with quarterly results that lacked sizzle.The maker of plant-based meat products reported a net loss of $100.5 million, or $1.58 a share, compared with a net loss of $27.3 million, or 43 cents a share, in the same quarter a year ago.  Net revenue, at $109.5 million, inched up 1% from $108.2 million last year.Analysts polled by FactSet expected a net loss of 97 cents a share on revenue of $112.4 million.The results sent Beyond Meat's stock spiraling down 26% in after-hours trading Wednesday, after plunging 14% to $26.12 in the regular session. Shares were headed lower than the $25 price charged in the meat-alternative company's initial public offering for the first time since the stock began trading roughly three years ago.\"Though we recognize that the decisions we are making today in support of our long-run ambition have contributed to challenging near-term results, including a sizable though temporary reduction in gross margin as we took cost-intensive measures to support important strategic launches, we are confident in the future we are building while advancing our mission,\" Beyond Meat Chief Executive Ethan Brown said in a statement announcing the results.Beyond executives warned of \"near-term uncertainty related to macroeconomic issues, including inflation and rising interest rates, COVID-19 and its potential impact on consumer behavior and demand levels, labor availability and supply chain disruptions, partially attributable to recent geopolitical tensions.\" Beyond also offered fiscal 2022 revenue guidance of between $560 million and $620 million; analysts polled by FactSet expect $580.7 million.Then there is the McPlant conundrum.McDonald's Corp. did not mention further expansion of Beyond's McPlant in the U.S. during its earnings call last week after earlier disputing a report that it planned to keep the plant-based burger as a permanent menu item.The confusion began after comments by McDonald's Global Chief Marketing Officer Morgan Flatley at Fast Company 's Most Innovative Companies Summit on April 27, in which Flatley said the customer dining experience will \"dramatically change\" in the future, and likely include \"very established products\" with Beyond Meat like McPlant.Beyond Meat's stock has cratered 60% so far in 2022, while the broader S&P 500 index has dropped 17%.Beyond's battering has shined a bright light on the plant-based meat market, and its ripple effect.Impossible Foods Inc., long rumored to be an IPO candidate, is in a holding pattern, based on recent comments from its new CEO, Peter McGuinness.\"I don't think it's a good time for anyone right now as the markets are so incredibly volatile,\" he told Food Navigator. \"And in the case of Impossible, the cash position is very strong, so there's plenty of investment to fuel all the growth, so there's no urgency on going public right now.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":1638,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["BYND"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":405,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":101728069,"gmtCreate":1652315360229,"gmtModify":1663249096233,"authorId":9000000000000469,"author":{"id":9000000000000469,"authorId":9000000000000469,"name":"MortimerDodd","avatar":"https://static.tigerbbs.com/e95988692a3ca0ec3a601b11d189cbe9","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9064814156,"type":1,"supId":0,"prevId":0,"content":"I wonder if Bill Gates still loves Beyond Meat as much as ever.","text":"I wonder if Bill Gates still loves Beyond Meat as much as ever.","html":"I wonder if Bill Gates still loves Beyond Meat as much as ever.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":101728059,"gmtCreate":1652315352634,"gmtModify":1663249095955,"authorId":9000000000000478,"author":{"id":9000000000000478,"authorId":9000000000000478,"name":"Maria_yy","avatar":"https://static.tigerbbs.com/0cd35158209bf23b606a5949a0e97781","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9064814156,"type":1,"supId":0,"prevId":0,"content":"Yes, competition in the food industry is fierce.","text":"Yes, competition in the food industry is fierce.","html":"Yes, competition in the food industry is fierce.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":101728057,"gmtCreate":1652315346786,"gmtModify":1663249096040,"authorId":9000000000000601,"author":{"id":9000000000000601,"authorId":9000000000000601,"name":"ElvisMarner","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9064814156,"type":1,"supId":0,"prevId":0,"content":"I wouldn't buy such a flashy company.","text":"I wouldn't buy such a flashy company.","html":"I wouldn't buy such a flashy company.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":101727302,"gmtCreate":1652313872644,"gmtModify":1663249089949,"authorId":4098783902581330,"author":{"id":4098783902581330,"authorId":4098783902581330,"name":"ZenInv","avatar":"https://community-static.tradeup.com/news/033bd47e3df1977aaef462f53997e9f1","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 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then?","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":101727298,"gmtCreate":1652313866287,"gmtModify":1663249088240,"authorId":3576136694569207,"author":{"id":3576136694569207,"authorId":3576136694569207,"name":"IAS","avatar":"https://static.tigerbbs.com/933fbcc1d9c75b4ff82486f8a48a3e7c","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9064814156,"type":1,"supId":0,"prevId":0,"content":"Get what u mean ","text":"Get what u mean ","html":"Get what u mean ","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":101767284,"gmtCreate":1652496026604,"gmtModify":1663249281950,"authorId":3583757299776757,"author":{"id":3583757299776757,"authorId":3583757299776757,"name":"SG58","avatar":"https://static.tigerbbs.com/c8154cfcb764b658e710cc08e7ee30a5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9064814156,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/9064814156"}