And three, placing greater emphasis on near-term retail and foodservice growth drivers while also supporting strategic key long-term partners and opportunities.”īrown continued, “Our fourth quarter results clearly demonstrate delivery against our strategy and plan, including solid sequential progress on margin recovery and operating expense reduction, and continued inventory drawdown. Two, bringing inventory levels down while generating cash flow through more aggressive, efficient management. One, driving margin recovery and operating expense reduction through the implementation of lean value streams across our beef, pork, and poultry platforms. We continue to execute this pivot upon three primary pillars. Adjusted EBITDA was a loss of $278.0 million, or -66.4% of net revenues.īeyond Meat President and CEO Ethan Brown commented, “We are making solid progress in our transition to a sustainable growth model, one that emphasizes the achievement of cash flow positive operations within the second half of 2023.Net loss as a percentage of net revenues was -87.4%. Net loss was $366.1 million, or $5.75 per common share.Gross profit was a loss of $23.7 million, or gross margin of -5.7% of net revenues.Net revenues were $418.9 million, a decrease of 9.8% year-over-year.Adjusted EBITDA was a loss of $56.5 million, or -70.7% of net revenues.Net loss as a percentage of net revenues was -83.6%. Net loss was $66.9 million, or $1.05 per common share.Gross profit was a loss of $2.9 million, or gross margin of -3.7% of net revenues.Net revenues were $79.9 million, a decrease of 20.6% year-over-year.(NASDAQ: BYND) (“Beyond Meat” or “the Company”), a leader in plant-based meat, today reported financial results for its fourth quarter and full year ended December 31, 2022.įourth Quarter 2022 Financial Highlights 1 23, 2023 (GLOBE NEWSWIRE) - Beyond Meat, Inc. Official site of the Beyond Meat Inc.EL SEGUNDO, Calif., Feb. With an estimated net income of around $66 million by 2023 and a potential market cap rise to approximately $14 billion, BYND stock is poised for substantial growth. The company turned profitable in 2022, which is a significant milestone for BYND stock. Financial Outlook of BYND Stockīeyond Meat’s financial performance, is on an upward trajectory, despite the temporary setback due to the pandemic in 2020. Collaborations with major corporations like Dunkin’, Alibaba Group, Starbucks, Yum Brands, Sinodis, and McDonald’s hold great promise for the future of BYND stock (according to Forbes analysis). Additionally, the strategic partnerships formed by Beyond Meat are expected to make a substantial contribution to the growth of the company. The lifting of lockdowns is anticipated to invigorate the restaurant segment, leading to a boost in sales. The growth of BYND stock is supported by various factors. BYND Stock Growth Factors and Strategic Partnerships It is expected to reflect significant revenue growth by 2023, nearly 2.7 times higher than the current figures which should further strengthen the position of bynd stock in the market. The company now flaunts a market cap exceeding $9.6 billion, and the trend suggests a promising future. Performance and Future Outlookĭespite the challenges posed by the pandemic, BYND stock has shown a strong rebound since the lows of March 2020. Originating in California in 2009, BYND stock has gained an international presence and currently holds a substantial market value of approximately nine billion dollars 1. This happens once a day.īeyond Meat, trading as BYND stock is a pioneer in producing plant-based meats and is globally recognized as a leader in the alternative protein sector. The final quotes of the instrument at the close of the previous trading day are a signal to adjust the forecasts for Beyond Meat shares. We forecast Beyond Meat stock performance using neural networks based on historical data on Beyond Meat stocks.Īlso, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account.īeyond Meat stock prediction results are shown below and presented in the form of graphs, tables and text information, divided into time intervals. What are analysts' forecasts for Beyond Meat stock? When should I record a loss on Beyond Meat stock? When should I take profit in Beyond Meat stock? How much will one Beyond Meat share be worth in If yes, then on this page you will find useful information about the dynamics of the Beyond Meat stocks and want to buy them, or are they already in your portfolio?
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