Fake meat...cost too much to d

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2023-08-08

Fake meat...cost too much to develop and produce, selling at exuberant price. Who will buy?

Beyond Meat Shares Plunge 11% on Plummeting Revenue

Beyond Meat Inc.'s stock is being grilled after the maker of plant-based meats announced a precipitous drop in revenue and reduced its full-year 2023 net revenue forecast.On Monday, Beyond Meat $(BYND

Beyond Meat Shares Plunge 11% on Plummeting Revenue

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Who will buy?","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/206674949329128","repostId":2357250782,"repostType":2,"repost":{"id":"2357250782","kind":"highlight","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":1691449462,"share":"https://www.laohu8.com/m/news/2357250782?lang=&edition=full","pubTime":"2023-08-08 07:04","market":"us","language":"en","title":"Beyond Meat Shares Plunge 11% on Plummeting Revenue","url":"https://stock-news.laohu8.com/highlight/detail?id=2357250782","media":"Dow Jones","summary":"Beyond Meat Inc.'s stock is being grilled after the maker of plant-based meats announced a precipitous drop in revenue and reduced its full-year 2023 net revenue forecast.On Monday, Beyond Meat $(BYND","content":"<html><head></head><body><p>Beyond Meat Inc.&#39;s stock is being grilled after the maker of plant-based meats announced a precipitous drop in revenue and reduced its full-year 2023 net revenue forecast.</p><p>On Monday, Beyond Meat <a href=\"https://laohu8.com/S/BYND\">$(BYND)$</a> shares dove 11% in extended trading following quarterly results that showed signs of life following a prolonged narrative of rough times for the industry.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/faaa39515d3d6802acab44fc23526a57\" tg-width=\"829\" tg-height=\"830\"/></p><p>Beyond Meat reported a fiscal second-quarter net loss of $53.5 million, or 83 cents a share, compared with a net loss of $97.1 million, or $1.53 a share, in the year-ago quarter.</p><p>Net revenue plunged 30% to $102.1 million from $147 million a year ago.</p><p>Analysts surveyed by FactSet had expected on average a net loss of 84 cents a share on revenue of $108.7 million.</p><p>&#34;The second quarter brought mixed results amidst otherwise strong progress toward our goal of sustainable long-term growth. 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Analysts polled by FactSet have forecast $387.1 million.</p><p>Shares of Beyond Meat have gained 24% so far this year, while the S&amp;P 500 SPX has increased 18%.</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 Shares Plunge 11% on Plummeting Revenue</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 Shares Plunge 11% on Plummeting Revenue\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\">2023-08-08 07:04</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Beyond Meat Inc.&#39;s stock is being grilled after the maker of plant-based meats announced a precipitous drop in revenue and reduced its full-year 2023 net revenue forecast.</p><p>On Monday, Beyond Meat <a href=\"https://laohu8.com/S/BYND\">$(BYND)$</a> shares dove 11% in extended trading following quarterly results that showed signs of life following a prolonged narrative of rough times for the industry.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/faaa39515d3d6802acab44fc23526a57\" tg-width=\"829\" tg-height=\"830\"/></p><p>Beyond Meat reported a fiscal second-quarter net loss of $53.5 million, or 83 cents a share, compared with a net loss of $97.1 million, or $1.53 a share, in the year-ago quarter.</p><p>Net revenue plunged 30% to $102.1 million from $147 million a year ago.</p><p>Analysts surveyed by FactSet had expected on average a net loss of 84 cents a share on revenue of $108.7 million.</p><p>&#34;The second quarter brought mixed results amidst otherwise strong progress toward our goal of sustainable long-term growth. Ongoing category headwinds compressed net revenues, which in turn impacted product sales mix and gross margin, overshadowing significant strides in operational efficiency, including meaningful year-over-year reductions in operating expenses, [cost of goods sold] per pound, and overall cash consumption,&#34; Beyond Meat Chief Executive Ethan Brown said in a statement.</p><p>&#34;We nevertheless expect a modest return to year-over-year top-line growth in the third and fourth quarters of 2023, and, relative to the first half of 2023, a meaningful reduction in cash consumption and an increase in gross margin,&#34; Brown added.</p><p>Beyond Meat offered a full-year revenue guidance range of $360 million to $380 million. Analysts polled by FactSet have forecast $387.1 million.</p><p>Shares of Beyond Meat have gained 24% so far this year, while the S&amp;P 500 SPX has increased 18%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2357250782","content_text":"Beyond Meat Inc.'s stock is being grilled after the maker of plant-based meats announced a precipitous drop in revenue and reduced its full-year 2023 net revenue forecast.On Monday, Beyond Meat $(BYND)$ shares dove 11% in extended trading following quarterly results that showed signs of life following a prolonged narrative of rough times for the industry.Beyond Meat reported a fiscal second-quarter net loss of $53.5 million, or 83 cents a share, compared with a net loss of $97.1 million, or $1.53 a share, in the year-ago quarter.Net revenue plunged 30% to $102.1 million from $147 million a year ago.Analysts surveyed by FactSet had expected on average a net loss of 84 cents a share on revenue of $108.7 million.\"The second quarter brought mixed results amidst otherwise strong progress toward our goal of sustainable long-term growth. Ongoing category headwinds compressed net revenues, which in turn impacted product sales mix and gross margin, overshadowing significant strides in operational efficiency, including meaningful year-over-year reductions in operating expenses, [cost of goods sold] per pound, and overall cash consumption,\" Beyond Meat Chief Executive Ethan Brown said in a statement.\"We nevertheless expect a modest return to year-over-year top-line growth in the third and fourth quarters of 2023, and, relative to the first half of 2023, a meaningful reduction in cash consumption and an increase in gross margin,\" Brown added.Beyond Meat offered a full-year revenue guidance range of $360 million to $380 million. 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