Beyond Meat (BYND) Stock Plunges 18% Following Q3 Miss and Lower Q4 Guidance

Beyond Meat (BYND) Shares Plunge 20% on Extremely Disappointing Q3 Results, Bernstein Downgrades to MP While Oppenheimer Urges Investors to Avoid Stock

November 11, 2021 6:57 AM EST

Beyond Meat (NASDAQ: BYND) shares are down 20% after the company again disappointed investors with its quarterly performance.

Beyond Meat reported Q3 EPS of ($0.87), a big miss compared to the analyst estimate of ($0.39). Revenue for the quarter came in at $106.4 million again lower than the consensus estimate of $109.2 million.

Beyond Meat is calling for Q4 revenue of $85 million to $110 million, much worse compared to the consensus of $131.6 million.

Our third quarter results reflect variability as we saw a decline from record... More

Beyond Meat signals more pain ahead as demand slows, shares tumble 19%

November 10, 2021 4:09 PM EST

By Uday Sampath Kumar and Hilary Russ

(Reuters) -Beyond Meat Inc forecast fourth-quarter revenue below estimates on Wednesday, as the once red-hot plant-based meat maker reported slowing demand in both grocery stores and restaurants, driving its shares down 19% in extended trading.

The company, which generates the bulk of its revenue from retailers, had cut its third-quarter revenue forecast last month as it took a hit from fewer people stockpiling plant-based burgers and sausages at home after they returned to dining out.

However, Beyond did not sell as many products at restaurants during the quarter either.

... More

Beyond Meat (BYND) Misses Q3 EPS by 48c, Revs Miss; Guides Q4 Revenues Lower

November 10, 2021 4:07 PM EST

Beyond Meat (NASDAQ: BYND) reported Q3 EPS of ($0.87), $0.48 worse than the analyst estimate of ($0.39). Revenue for the quarter came in at $106.4 million versus the consensus estimate of $109.2 million.

GUIDANCE:

Beyond Meat sees Q4 2021 revenue of $85-110 million, versus the consensus of... More