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home / news releases / BYND - Beyond Meat: Trouble Keeps Building

BYND - Beyond Meat: Trouble Keeps Building

Beyond Meat Inc.

2024-05-09 17:36:18 ET

Summary

  • Beyond Meat's Q1 report showed ongoing troubles, with a decline in revenues and gross margins, and sizable cash burn.
  • The company's balance sheet continued to weaken, with a decrease in working capital and $1.15 billion in convertible notes due in 2027.
  • Analysts have lowered their price targets for the stock, and the valuation here is difficult to justify compared to other players in the industry.

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For further details see:

Beyond Meat: Trouble Keeps Building
Stock Information
Company Name: Beyond Meat Inc.
Stock Symbol: BYND
Market: NYSE
Website: beyondmeat.com
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