Beyond Meat will report earnings after the bell for the first time since going public

Here's what Wall Street was expecting, according to a survey of analysts by Refinitiv:Beyond Meat surged more than 160% in its first day trading on the public markets and has now soared nearly 300% above its initial public offering price, giving the company a market value of $5.8 billion.

The maker of plant-based meat substitutes reported 2018 revenue of $87.9 million and a net loss of $4.75 per share. As rival Impossible Foods has faced shortages amid soaring demand for its plant-based patties, some smaller restaurant operators have switched to Beyond Burgers. Additionally, unlike Impossible, Beyond also sells its products in grocery stores, accounting for about half of its net sales.

But the market will soon grow more crowded. Nestle's Sweet Earth brand will launch its own plant-based burger in the fall. One of Beyond's early investors,This is a breaking news story. Please check back for updates.

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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.
منبع: CNBC - 🏆 12. / 72 ادامه مطلب »

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.
منبع: Reuters - 🏆 2. / 97 ادامه مطلب »