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.
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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. Would be interested to talk to anyone holding through this one... $BYND $BYND buy the dip at $69.50
La source: CNBC - 🏆 12. / 72 Lire la suite »
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. Beyond Meat! First try of the meatless burger Smells like a mix of popcorn and liver cooking and a bit tricky to cook but I loved the taste and it is soy and gluten free! There is a lot of potential there. And many are focused on the fact that they are unable to keep up with demand. But they are still selling a food commodity for less than it costs to produce it and they have no way currently of changing that.
La source: CNBC - 🏆 12. / 72 Lire la suite »
Exclusive: Canada says China plans more meat import inspections, industry fears disasterChina plans to boost inspections of imported Canadian meats and meat products as... Thanks to our useless PM Why canadian meat are not well CCP doesn't mind staffing their people. The epidemic in China already caused shortage of food soon.
La source: Reuters - 🏆 2. / 97 Lire la suite »