Company Of The Day: Beyond Meat
What?
Beyond Meat (NASDAQ:BYND) is looking to expand the distribution of its meatless chicken tenders to 8,000 new grocery, pharmacy, and big-box retail locations including select Albertsons, Sprouts, Whole Foods Market, and CVS locations.
So What?
- Beyond Meat Stock Down 24% This Year, What’s Happening?
- Can Increased Prices Snap Beyond Meat Stock From Its Long Standing Downtrend?
- Down 8% This Year, Will Beyond Meat Stock Recover Following Q1 Results?
- Down 38% Since 2023, How Will Beyond Meat Stock Trend Post Q4 Results?
- Can Beyond Meat Stock Rebound After A 46% Drop This Year?
- Will Beyond Meat Stock See Further Declines?
Beyond Meat has witnessed multiple quarters of weak retail sales, as consumer demand cooled following the early days of Covid-19 and also as the company focused more on fast-food partnerships. With the expansion of the distribution of chicken tenders, Beyond could give its retail business a boost.
See Our Complete Analysis For Beyond Meat
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| Returns | Apr 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| BYND Return | -10% | -33% | -42% |
| S&P 500 Return | -3% | -8% | 96% |
| Trefis Multi-Strategy Portfolio | -2% | -9% | 257% |
[1] Month-to-date and year-to-date as of 4/13/2022
[2] Cumulative total returns since the end of 2016
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