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Beyond Meat (BYND) reported a 13.3% year-over-year decline in third-quarter revenue to $70.2 million, surpassing the Street consensus estimate of $68.96 million. The decline was driven by a 10.3% reduction in product volume sold and a 3.5% decrease in net revenue per pound. U.S. retail and foodservice revenues fell by 18.4% and 27.3%, respectively, while international foodservice revenue grew by 2.3%. The company posted a loss of $0.47 per share, missing the consensus estimate of a $0.31 loss per share. For the fourth quarter, Beyond Meat provided revenue guidance of $60 million to $65 million, below the consensus estimate of $70 million. CEO Ethan Brown highlighted ongoing transformation efforts, including reducing leverage through the exchange of 2027 convertible notes, extending debt maturity, and improving liquidity. Additional initiatives include cost reductions, gross margin expansion, and growth strategies. Following the financial results and lower guidance, the stock dropped 8% in after-hours trading.
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Beyond Meat (BYND) Stock On Watch As New Beverage Line Launches

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About BYND

Beyond Meat Inc is a provider of plant-based meat company offering a portfolio of revolutionary plant-based meats. It builds meat directly from plants, an innovation that enables consumers to experience the taste, texture and other sensory ... Read more

Ways to trade options* on BYND

Bearish Option Strategy: Long Puts

Traders buy a single put option on a stock or ETF. This strategy can benefit from a price drop while risking more capital than a spread.

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