Beyond Meat Inc, a maker of plant-based burgers and sausages, said it expects to...
- Beyond Meat Inc, a maker of plant-based burgers and sausages, said it expects to more than double its revenue and report breakeven EBITDA this year, sending the its shares up over 21 percent.
Analysts on average forecast full-year sales of $205 million, and a loss, before interest, tax, depreciation and amortization, of $10.28 million, according to Refinitiv IBES data. Beyond Meat’s sales have increased five-fold since it began selling its flagship Beyond Burger in 2016.“We are very conservative and view this as a floor,” Chief Executive Officer Ethan Brown said on a conference call when asked about the revenue forecast. The company does not count customers who are using its products as a part of a testing project.
Beyond Meat, whose rivals include U.S.-based Impossible Foods, is likely to face increasing competition in the niche market as companies like Nestlé and Tyson Foods ready their own line of products.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Beyond Meat's home in the meat aisle sparks food fightBeyond Meat bills itself the world’s first plant-based burger sold in the meat case of U.S. grocery stores. But interviews with nine U.S. grocery chains show that retailers are still figuring out Beyond Meat’s best fit in their shopping aisles:
Read more »
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.
Read more »
Focus: Beyond Meat's home in the meat aisle sparks food fightIn a bid to directly compete with ground beef and pork sausage, Beyond Meat Inc ...
Read more »
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.
Read more »
Beyond Meat stock soars after first earnings reportBeyond Meat could extend its rally, with shares of the maker of meat alternatives surging in after-hours trading Thursday after the company delivered an...
Read more »
Beyond Meat stock soars after first quarterly report since IPOBeyond Meat surged 160% in its first day trading on the public markets and has soared nearly 300% above its initial public offering price.
Read more »