Company Of The Day: Beyond Meat
What?
Beyond Meat (NASDAQ:BYND) posted a tough set of Q1 2022 results, with net losses standing at $100.5 million, compared to $27.3 million a year earlier.
Why?
- 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?
The wider loss came as the launch of the company’s new plant-based jerky drove up costs, while the company also offered more discounts to international consumers.
So What?
While BYND stock tanked by 25% post the earnings publication on Wednesday, it largely recovered the losses with a big rally on Friday.
See Our Complete Analysis For Beyond Meat
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| Returns | May 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| BYND Return | -15% | -52% | -59% |
| S&P 500 Return | -3% | -16% | 80% |
| Trefis Multi-Strategy Portfolio | -4% | -20% | 218% |
[1] Month-to-date and year-to-date as of 5/16/2022
[2] Cumulative total returns since the end of 2016
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