Shares of Beyond Meat (BYND -2.49%) fell 24.5% in December, according to data from S&P Global Market Intelligence. The plant-based meat company continues to slide as the world trends away from its products.
EL SEGUNDO, Calif., Dec. 20, 2024 (GLOBE NEWSWIRE) -- With a mission to positively impact human health, climate change, constraints on natural resources and animal welfare, Beyond Meat, Inc. (NASDAQ: BYND), a leader in plant-based meat, today released its 2023 ESG Report and announced its Beyond Steak life cycle assessment (LCA) study.
Shares of Beyond Meat (BYND -1.65%) were among the losers last week as the once high-flying growth stock reported disappointing results in its third-quarter earnings report in November.
The allure of quick riches often leads investors down unpredictable and volatile paths. While offering the potential for rapid gains, these investments also carry substantial risk.
Shares of Beyond Meat have dropped even further to a ~40% YTD loss despite a temporary return to sales growth. The company struggles with taste, health perceptions, and high prices, leading to reduced consumer demand and fewer points of sale. Despite Q3 revenue growth and improved gross margins, Beyond Meat's limited liquidity and high debt pose significant risks.
Following a successful initial launch, Beyond Meat's healthy, flavor-forward plant-based links are debuting at Whole Foods Market stores coast-to-coast
Shares of the alternative meat company are still losing money.
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