BYND was up about 300% from its IPO price as of today's close, and now check it out ...
Beyond Meat could extend its rally, with shares of the maker of meat alternatives surging in after-hours trading Thursday after the company delivered an upbeat outlook in its first-ever earnings report.Beyond Meat posted a first-quarter net loss of $6.6 million, compared with $5.7 million a year prior. On a per-share basis, Beyond Meat lost 95 cents, compared with 98 cents in the year-ago quarter.
Beyond Meat reported $40.2 million in net revenue, in line with the company’s expected range of $38 million to $40 million, which Beyond Meat issued at the time of its initial public offering. The revenue figure was also in line with the FactSet consensus, which called for $38.9 million. A year earlier, the company generated $9.6 million in revenue.
The plant-based meat maker saw its revenue breakdown split fairly evenly between the retail and food-service channels. Retail contributed $19.6 million to the top line, while food service accounted for $20.6 million.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Beyond Meat will report earnings after the bell for the first time since going publicBeyond Meat surged 160% in its first day trading on the public markets and has soared nearly 300% above its initial public offering price.
Read more »
Bad news, meat lovers — both red and white meat could be bad for your cholesterolThere's a commonly-held belief that swapping chicken for beef works to control high cholesterol levels. A new study has put that to pasture:
Read more »
Beyond Meat's home in the meat aisle sparks food fightBeyond Meat bills itself the world’s first plant-based burger sold in the meat case of U.S. grocery stores. But interviews with nine U.S. grocery chains show that retailers are still figuring out Beyond Meat’s best fit in their shopping aisles:
Read more »
Traders bet on a 'very severe' spike for Beyond Meat on earningsThe skyrocketing stock of Beyond Meat could move even more on the alternative meat company's first-ever earnings report, according to the options market.
Read more »
Focus: Beyond Meat's home in the meat aisle sparks food fightIn a bid to directly compete with ground beef and pork sausage, Beyond Meat Inc ...
Read more »
Exclusive: Canada says China plans more meat import inspections, industry fears disasterChina plans to boost inspections of imported Canadian meats and meat products as...
Read more »