Beyond Meat to cut 4% of its workforce as it issues revenue warning
The plant-based burger company slashed its revenue guidance to US$470mln-US$520mln from US$560mln-US$620mln previously
Company
Beyond Meat Inc
NASDAQ:BYND
Beyond Meat, believes there is a better way to feed the planet. Its mission is to create The Future of Protein® – delicious plant-based burgers, sausage, crumbles, and more – made directly from simple plant-based ingredients. By shifting from animal, to plant-based meat, the company is creating one savory solution that solves four growing issues attributed to livestock production: human health, climate change, constraints on natural resources and animal welfare.
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Beyond Meat stock plummets after its disappointing fourth quarter earnings
For 2022, Beyond is forecasting revenue of $560 million to $620 million, up 21% to 33% compared to the prior year
Beyond Meat cuts quarterly revenue guidance due to COVID-19 uncertainty
The faux meat producer has been hit by slower sales, labour and supply chain issues as well as COVID-19 uncertainty
Meat-free specialist Impossible Foods heads down SPAC route towards US$10bn listing
Impossible Foods has a star-studded shareholder base including tennis star Serena Williams and rapper Kay-Z
Beyond Meat partners with McDonald’s and KFC owner Yum! Brands but losses mount
The faux meat producer will continue with aggressive investment to expand operations this year
Beyond Meat shares fall despite strong 3Q results as insiders trim the fat post-IPO lockup
Around three-quarter of the company's stock became eligible to be traded following a 180-day lock-up period
Beyond Meat shares jump as McDonald’s reveals plans to test plant-based burger using its patties in Canada
The fast-food restaurant chain said the 12-week test will start on September 30 at 28 restaurants in Southwestern Ontario
Chanticleer Holdings to roll out the vegan Beyond Burger in July
The company’s Little Big Burger, American Burger Company, and Burgers Grilled Right locations will carry the plant-based patty
Investments and investor services
IPO Roundup: Beyond Meat leads the pack half-way through 2019, Lyft struggles after quick takeoff
A look at the biggest IPO winners and losers of 2019
Beyond Meat stays red hot after partnering with Whole Foods, Kroger and other grocers to launch ground beef alternative
The announcement is the latest in a series of moves that have helped its shares more than quadruple since the company's May 2 IPO
Investments and investor services
S&P/ASX 200 trading slightly up, Afterpay shares perform strongly out of trading halt
The ASX 200 is up 0.16% or 10.8 points higher to 6557.1 at 1.28pm.
What connects the recent spate of high-profile IPO flops?
Both London and New York have seen multiple companies stall at the start of their publicly traded careers
Veganism proves to be tidy earner for food firms as others look to exploit ‘meat-free’ momentum
Vegan sausage rolls have proved a boon to established food chains like Greggs, while investors are starting to pour money into the next generation of meat-free products
Investments and investor services
Small-Cap Snapshot: Codebase Ventures earns DTC eligibility; MoneyGram falters on 1Q loss
Other small-caps that made moves include ICC International Cannabis, Genprex and Inogen
Chanticleer to bring the plant-based Beyond Burger to its restaurants
Investors cheered the Charlotte-based company's move, sending shares up more 20%