BYND - Beyond Meat: All Signs Point To Contraction
2024-04-02 02:10:37 ET
Summary
- Beyond Meat continues to face a plethora of challenges in FY24 as it plans for declining revenue.
- Points of sale continue to dwindle, especially as the company made the decision to end its Beyond Meat Jerky line.
- Beyond Meat's sales are doing better overseas, but the company has resorted to lower pricing to move volume, resulting in a decrease in revenue as well as negative gross margins.
Amid all-time highs in the stock market, now is not a great time to be banking on speculative, struggling stocks. Beyond Meat ( BYND ) falls squarely into this category. The plant-based meat company has now stagnated under years of falling demand, after a brief moment in the sun driven by dietary fads....
Beyond Meat: All Signs Point To Contraction