Aww man. Really want to suppor

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Unluckypuppy
2021-08-06

Aww man. Really want to support the plant based meat industry. But their production and R&D cost is just too expensive. Hopefully Beyond can survive and work on lowering their costs and also need to do some marketing.

Beyond Meat shares dip 4% on bigger-than-expected loss, Q3 warning

(Update: Aug 6, 2021 at 04:19 a.m. ET) Beyond Meat Inc. stock fell over 4% in premarketd trading Fr

Beyond Meat shares dip 4% on bigger-than-expected loss, Q3 warning

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ming22
·2021-08-07
Yes, expensive
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But their production and R&amp;D cost&nbsp;is just too expensive. Hopefully Beyond can survive and work on lowering their costs and also need to do some marketing.&nbsp;</p></body></html>","text":"Aww man. Really want to support the plant based meat industry. But their production and R&D cost is just too expensive. Hopefully Beyond can survive and work on lowering their costs and also need to do some marketing.","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/893193033","repostId":2157454089,"repostType":2,"repost":{"id":"2157454089","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":1628232660,"share":"https://www.laohu8.com/m/news/2157454089?lang=&edition=full","pubTime":"2021-08-06 14:51","market":"hk","language":"en","title":"Beyond Meat shares dip 4% on bigger-than-expected loss, Q3 warning","url":"https://stock-news.laohu8.com/highlight/detail?id=2157454089","media":"Dow Jones","summary":"(Update: Aug 6, 2021 at 04:19 a.m. ET)\n\nBeyond Meat Inc. stock fell over 4% in premarketd trading Fr","content":"<p><i>(Update: Aug 6, 2021 at 04:19 a.m. ET)</i></p>\n<p><img src=\"https://static.tigerbbs.com/e9aef34cc41054e76222bb199cb54ad2\" tg-width=\"800\" tg-height=\"560\" width=\"100%\" height=\"auto\"></p>\n<p>Beyond Meat Inc. stock fell over&nbsp;4% in premarketd trading Friday after the plant-based meat maker posted a wider-than-expected fiscal second-quarter loss and issued a third-quarter warning.</p>\n<p>Beyond Meat <a href=\"https://laohu8.com/S/BYND\">$(BYND)$</a> on Thursday reported a net loss of $19.65 million, or 31 cents a share, compared with a net loss of $10.2 million, or 16 cents a share, in the year-ago quarter.</p>\n<p>Revenue improved 32% to $149.4 million from $113.3 million a year ago.</p>\n<p>Analysts surveyed by FactSet had expected a net loss of 23 cents a share on revenue of $141 million.</p>\n<p>\"We are pleased to report record net revenues and the return to growth in food service as our customers welcomed consumers back to their venues. We are also proud of our retail performance, where we drove year-over-year growth despite cycling last year's demand surge driven by consumer panic-buying,\" Beyond Meat Chief Executive Ethan Brown said in a statement announcing the results.</p>\n<p>But Beyond warned of \"near-term uncertainty related to COVID-19 and its potential impact on retail and foodservice demand levels\" that could result in $120 million to $140 million in third-quarter revenue -- significantly short of the $152.9 million forecast by FactSet.</p>\n<p>An increase in infection rates because of the COVID-19 Delta variant could mark a return to more cautionary approaches in the food sector business, Beyond Chief Financial Officer Phil Hardin told analysts during a conference call late Thursday. \"There continues to be uncertainty\" over consumers keeping a distance from eateries as well as a reduction in inventory orders, he said.</p>\n<p>The second-quarter results capped an eventful week for the largest producer of plant-based meat. On Tuesday, Hopdoddy Burger Bar said it will serve Beyond's products at the burger chain's 32 locations in Texas, Arizona, California, Colorado and Tennessee. Earlier, Brown told the BBC he supported a tax on meat. \"The whole notion of a Pigouvian tax, which is to tax negative, you know, things that are high in externalities, I think is an interesting <a href=\"https://laohu8.com/S/AONE.U\">one</a>,\" he said. \"I'm not an economist, but overall that type of thing does appeal to me.\"</p>\n<p>Americans, too, are finding plant-based meat more appealing. Retail sales of plant-based food surged 43% in the past two years, outpacing total food sales growth by nine times, according to Impossible Food Inc.'s 2021 State of Meat in Foodservice industry report this week. Plant-based meat sales increased 45% last year.</p>\n<p>Beyond's stock is down 2% so far in 2021. The broader S&amp;P 500 index has gained 18% this year.</p>","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 dip 4% on bigger-than-expected loss, Q3 warning</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 dip 4% on bigger-than-expected loss, Q3 warning\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\">2021-08-06 14:51</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><i>(Update: Aug 6, 2021 at 04:19 a.m. ET)</i></p>\n<p><img src=\"https://static.tigerbbs.com/e9aef34cc41054e76222bb199cb54ad2\" tg-width=\"800\" tg-height=\"560\" width=\"100%\" height=\"auto\"></p>\n<p>Beyond Meat Inc. stock fell over&nbsp;4% in premarketd trading Friday after the plant-based meat maker posted a wider-than-expected fiscal second-quarter loss and issued a third-quarter warning.</p>\n<p>Beyond Meat <a href=\"https://laohu8.com/S/BYND\">$(BYND)$</a> on Thursday reported a net loss of $19.65 million, or 31 cents a share, compared with a net loss of $10.2 million, or 16 cents a share, in the year-ago quarter.</p>\n<p>Revenue improved 32% to $149.4 million from $113.3 million a year ago.</p>\n<p>Analysts surveyed by FactSet had expected a net loss of 23 cents a share on revenue of $141 million.</p>\n<p>\"We are pleased to report record net revenues and the return to growth in food service as our customers welcomed consumers back to their venues. We are also proud of our retail performance, where we drove year-over-year growth despite cycling last year's demand surge driven by consumer panic-buying,\" Beyond Meat Chief Executive Ethan Brown said in a statement announcing the results.</p>\n<p>But Beyond warned of \"near-term uncertainty related to COVID-19 and its potential impact on retail and foodservice demand levels\" that could result in $120 million to $140 million in third-quarter revenue -- significantly short of the $152.9 million forecast by FactSet.</p>\n<p>An increase in infection rates because of the COVID-19 Delta variant could mark a return to more cautionary approaches in the food sector business, Beyond Chief Financial Officer Phil Hardin told analysts during a conference call late Thursday. \"There continues to be uncertainty\" over consumers keeping a distance from eateries as well as a reduction in inventory orders, he said.</p>\n<p>The second-quarter results capped an eventful week for the largest producer of plant-based meat. On Tuesday, Hopdoddy Burger Bar said it will serve Beyond's products at the burger chain's 32 locations in Texas, Arizona, California, Colorado and Tennessee. Earlier, Brown told the BBC he supported a tax on meat. \"The whole notion of a Pigouvian tax, which is to tax negative, you know, things that are high in externalities, I think is an interesting <a href=\"https://laohu8.com/S/AONE.U\">one</a>,\" he said. \"I'm not an economist, but overall that type of thing does appeal to me.\"</p>\n<p>Americans, too, are finding plant-based meat more appealing. Retail sales of plant-based food surged 43% in the past two years, outpacing total food sales growth by nine times, according to Impossible Food Inc.'s 2021 State of Meat in Foodservice industry report this week. Plant-based meat sales increased 45% last year.</p>\n<p>Beyond's stock is down 2% so far in 2021. The broader S&amp;P 500 index has gained 18% this year.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BYND":"Beyond Meat, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2157454089","content_text":"(Update: Aug 6, 2021 at 04:19 a.m. ET)\n\nBeyond Meat Inc. stock fell over 4% in premarketd trading Friday after the plant-based meat maker posted a wider-than-expected fiscal second-quarter loss and issued a third-quarter warning.\nBeyond Meat $(BYND)$ on Thursday reported a net loss of $19.65 million, or 31 cents a share, compared with a net loss of $10.2 million, or 16 cents a share, in the year-ago quarter.\nRevenue improved 32% to $149.4 million from $113.3 million a year ago.\nAnalysts surveyed by FactSet had expected a net loss of 23 cents a share on revenue of $141 million.\n\"We are pleased to report record net revenues and the return to growth in food service as our customers welcomed consumers back to their venues. We are also proud of our retail performance, where we drove year-over-year growth despite cycling last year's demand surge driven by consumer panic-buying,\" Beyond Meat Chief Executive Ethan Brown said in a statement announcing the results.\nBut Beyond warned of \"near-term uncertainty related to COVID-19 and its potential impact on retail and foodservice demand levels\" that could result in $120 million to $140 million in third-quarter revenue -- significantly short of the $152.9 million forecast by FactSet.\nAn increase in infection rates because of the COVID-19 Delta variant could mark a return to more cautionary approaches in the food sector business, Beyond Chief Financial Officer Phil Hardin told analysts during a conference call late Thursday. \"There continues to be uncertainty\" over consumers keeping a distance from eateries as well as a reduction in inventory orders, he said.\nThe second-quarter results capped an eventful week for the largest producer of plant-based meat. On Tuesday, Hopdoddy Burger Bar said it will serve Beyond's products at the burger chain's 32 locations in Texas, Arizona, California, Colorado and Tennessee. Earlier, Brown told the BBC he supported a tax on meat. \"The whole notion of a Pigouvian tax, which is to tax negative, you know, things that are high in externalities, I think is an interesting one,\" he said. \"I'm not an economist, but overall that type of thing does appeal to me.\"\nAmericans, too, are finding plant-based meat more appealing. Retail sales of plant-based food surged 43% in the past two years, outpacing total food sales growth by nine times, according to Impossible Food Inc.'s 2021 State of Meat in Foodservice industry report this week. Plant-based meat sales increased 45% last year.\nBeyond's stock is down 2% so far in 2021. 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