12/12/2023 0 Comments Beyond meat stock prediction 2021Wall Street expects sales to touch $465 million this year and $619.5 million in 2022. These partnerships allowed Beyond Meat to increase sales from just $32.5 million in 2017 to $406.7 million in 2020. It aims to lower meat consumption at the global level by expanding its portfolio of food products over time.īeyond Meat products are not only available at retail stores, but it has also collaborated with fast-food chains, including Restaurant Brands International, Starbucks, and McDonald's. Bear argumentsīeyond Meat, one of the largest players in the plant-based meat verticals, commands a market cap of $4.7 billion. The company expects profit margins to improve as it expands production capacities by entering international markets and benefit from economies of scale. In the last 12-months, its operating loss widened to $150.7 million, compared to a loss of $47 million in 2020. So, OTLY stock is valued at a forward price to 2022 sales multiple of less than 5x, which is quite reasonable.Īlternatively, Oatly is still reporting an operating loss. Wall Street forecasts sales to rise to $638 million in 2021 and $1.03 billion in 2022. Oatly's sales more than doubled from $204 million in 2019 to $421 million in 2020. Last year, the global oat milk market was valued at $3.7 billion. However, oat milk is rising in popularity and is forecast to grow at an annual rate of 10% between 20. In Sweden, Oatly accounts for 72% of the milk alternatives market, which falls to just 4% in the U.S. The Oatly IPO was priced at $17 per share, and the stock touched a record high of $29 this June before losing significant momentum to trade currently at $8.80.Ī Swedish company, Oatly provides a wide variety of plant-based dairy products. Bear argumentsĪ company that recently went public, Oatly is valued at a market cap of $5.2 billion. Let's see which between the two is a better investment at current prices. These companies are part of rapidly expanding markets, making stocks such as Oatly (NASDAQ: OTLY) and Beyond Meat (NASDAQ: BYND) top bets right now. “We are very excited to be coming out of what we view as a trough in the category and resuming growth in the third and fourth quarter,” Brown said.Companies operating in the alternative meat or plant-based food segments may offer investors the opportunity to generate stellar returns in the upcoming decade. That was slightly better than the 84-cent loss analysts had forecast.īrown expressed confidence that revenue will grow modestly in the second half of this year as new products hit the U.S. fast food restaurants to add plant-based options in the near future.īeyond Meat said its net loss narrowed to $53.5 million, or 83 cents per share, as it reined in logistics and manufacturing costs. International food service demand was flat compared to the same period last year, but retail sales were down nearly 16%.īeyond Meat makes plant-based burgers and nuggets in a partnership with McDonald’s in Europe, but those products aren’t offered in the U.S. revenue dropped 40% as both retail and food service sales weakened. That was lower than the $108.7 million Wall Street forecast, according to analysts polled by FactSet. The health benefits of our products are very strong.”īrown said Beyond Meat has also reached out to some of its competitors to discuss working together on ads that would help change perceptions about the category.įor the April-June period, Beyond Meat reported revenue of $102.1 million. “We’re going to be much more aggressive in our marketing,” Brown said. Brown said an ad campaign launched last week will better explain its “clean and simple” manufacturing process and highlight the products’ health credentials. In a conference call with investors, Beyond Meat President and CEO Ethan Brown said the company faced tough comparisons to the second quarter of 2022, when a new beef jerky product generated sales and restaurants were reopening and placing big orders.īut Brown said the company is also struggling to appeal to new customers because of perceptions that its products are unhealthy and overly processed. That’s down from the $375 million to $415 million it forecast at the end of the first quarter.īeyond Meat’s shares fell 10% in after-hours trading Monday. ![]() Beyond Meat now expects revenue between $360 million and $380 million for the year. The El Segundo, California-based company lowered its full-year revenue forecast as a result. ![]() Plant-based meat substitute maker Beyond Meat said its revenue plunged 30.5% in the second quarter as consumer demand for its burgers, sausages and other products fell despite price cuts.
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