MEAT

Beyond meat rallied on a smaller-than-expected loss for the previous quarter. Yeti fell on a Goldman Sachs downgrade.

“Given the choice between cruelty and kindness, I believe most humans will choose kindness.”

Beyond Meat "Beyond Burger" patties made from plant-based substitutes for meat products sit on a shelf for sale in New York City. Beyond Meat on Wednesday reported a wider-than-expected loss for its third quarter as demand for its meat substitutes tumbled. Shares of the company bounced around in after-hours trading. Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:Loss per share: $1.60 vs. $1.14 expectedRevenue: $82.5 million vs. $98.1 million expectedBeyond reported a third-quarter net loss of $101.7 million, or $1.60 per share, wider than its net loss of $54.8 million, or 87 cents per share, a year earlier. Net sales dropped 22.5% to $82.5 million.

Beyond Meat plans to cut 19% of its workforce, or about 200 employees, the company said in a regulatory filing.

Haarlem is to ban most adverts for meat from public spaces because of its impact on climate.

Beyond Meat on Thursday lowered its revenue forecast for 2022 and announced it will trim its workforce by 4%, citing broader economic uncertainty.

Whether it’s smoked, cured, barbecued, or fried — why is meat so hard for us to resist?

Plant-based meat company Beyond Meat reported lower-than-expected sales in the first quarter as it slashed prices and demand from restaurants fell.

Beyond Meat reported a wider-than-expected loss for its first quarter as it offered steeper discounts and cheaper prices to international consumers.

The two companies announced the joint venture nearly a year ago with the goal of creating plant-based snacks and drinks together.

See which stocks are posting big moves after the bell.

Beyond Meat's stock tumbled after the company reported a wider-than-expected loss for its fourth quarter.

Beyond Meat and PepsiCo's joint venture is planning to launch a plant-based jerky as its first product, Bloomberg reported.

Better health is the main reason why.

Beyond Meat "Beyond Burger" patties made from plant-based substitutes for meat products sit on a shelf for sale in New York City. Beyond Meat on Wednesday reported a wider-than-expected loss for its third quarter as U.S. sales shrank. Analysts surveyed by Refinitiv expected a loss of 39 cents per share. Net sales rose 12.7% to $106.4 million, missing expectations of $109.2 million. Beyond is predicting net sales of $85 million to $110 million for those three months.

The S&P 500 closed the third quarter barely positive, but the three-month stretch was worse for many stocks.

Two food drives this summer will be dedicated to an overlooked and often missing item — halal meat. Muslim families in need will be able to take home pounds of meat at the food drive that also includes a back-to-school giveaway.

Beyond Meat on Thursday announced the launch of meat-free chicken tenders in nearly 400 restaurants across the U.S.

See which stocks are posting big moves after the bell.

My father made a mean grilled cheese and in doing so he taught me how to navigate being a dad.

The "Mad Money" host said the negative initial reaction to Snowflake's financial results shows why it's important to thoughtfully digest the numbers.

These are the stocks posting the largest moves in midday trading on Monday.

Beyond Meat "Beyond Burger" patties made from plant-based substitutes for meat products sit on a shelf for sale on November 15, 2019 in New York City. Beyond Meat on Thursday reported a wider-than-expected loss in the first quarter as restaurant customers take longer to return and grocery shoppers aren't stockpiling its products anymore. Shares of the company fell 8% in extended trading. Excluding items, the company lost 42 cents per share, wider than the loss of 19 cents per share expected by analysts surveyed by Refinitiv. Net sales rose 11.4% to $108.2 million, missing expectations of $113.7 million.

Dining out or eating at home, no one can escape the higher price of meat these days. It’s not just beef, chicken and pork also costs significantly more now than they did this same time last year.

Beyond Meat will launch the latest version of its meat-free burger patties in grocery stores in early May.

The stocks making the biggest moves in premarket trading include Beyond Meat, Nokia, Li Auto, and more.

Beyond Meat and PepsiCo announced Tuesday that they've formed a joint venture to create, produce and market snacks and drinks with plant-based substitutes. Shares of Beyond jumped as much as 31% in morning trading on the news, while Pepsi's stock rose about 1%. More than 38% of the Beyond Meat shares available for trading are sold short, according to FactSet. Shares of PepsiCo are roughly flat over the last year, giving it a market value of $196 billion. The company has a market value of $9.95 billion.

Beyond Meat's line-up of meat substitutes will soon include two new versions of its Beyond Burger. The new burgers are meant to offer consumers more choice and will launch nationwide early next year. The other burger is meant to appeal more to a health-minded consumer, with 55% less saturated fat than a typical beef burger. As meat substitutes from Beyond and Impossible Foods have grown more popular in the last few years, their meat-free burgers have also drawn criticism for being marketed as a healthier alternative to red meat. Dietitians have said that it would be better for consumers to view plant-based burgers as an indulgence, as they would a beef burger.

Some of 2020's top stocks are down on their luck. While Nvidia is "certainly expensive," trading at a historically high relative price-sales ratio, the chipmaker's "secular growth story is hard to argue with," Nancy Tengler, chief investment officer of Laffer Tengler Investments, told CNBC's "Trading Nation" on Friday. "I might wait for it to settle a little bit further, but if they beat dramatically on earnings, you may not get the opportunity. "With a stock that's up 126% year to date, you're going to expect to see that kind of volatility, but it has not disappointed long-term investors," she said. Craig Johnson, senior technical research analyst at Piper Sandler, was also in Nvidia's bull camp.

Beyond Meat on Monday said it swung to a loss in the third quarter after the coronavirus pandemic weakened demand for its meat alternatives at restaurants. Shares were halted twice on Monday following the announcement that McDonald's was adding plant-based items to its menu. Fast-food restaurants, which have been bouncing back from the crisis much faster, account for about one-third of Beyond's foodservice sales. When asked about the collaboration with McDonald's, Brown said that he respected the chain's decision to refer to its McPlant line in "generic" terms. International revenues plunged 45% in the quarter, hurt by the 65% decline in foodservice sales.

Grilling is about as synonymous with Father’s Day as the month of June, so you have to imagine that many, many grills will be fired up around the country.

Get ready for more expensive Memorial Day burgers and hot dogs this year. It's not unusual to see meat prices go up before Memorial Day, he said, because of the spike in demand. "Our distributors across the board tell us that prices will be dropping significantly after the Memorial Day holiday," Kaner said. "This Memorial Day weekend, consumers can find specials like up to $1 off Beyond Burger packs," a spokesperson said, noting that value packs "will be priced very competitively." Even with increases in meat prices, the alternative is still about 20% more expensive than animal meat, she noted.

Photographer: Michael Nagle/Bloomberg via Getty ImagesThis year's IPOs crop wasn't as bad as it may have appeared. "The long-awaited debuts of mega unicorns Uber and Lyft were mega busts, capped off by WeWork's kamikaze IPO attempt in September," said Kathleen Smith, principal at Renaissance Capital. Renaissance Capital's IPO Index, a basket of newly public companies, is up 33% this year versus a 29% rise in S&P 500. Chinese IPOs were the worst performing new listings, according to Renaissance, thanks to trade war fears and an economic slowdown in China. Average total returns for IPOs were 20% while the average first-day pop was roughly 18% the highest in six years, according to Renaissance.

Democrats increase attacks on Trump in second round of debatesDemocratic candidates attacked President Donald Trump at a much more aggressive rate in the second 2020 primary debates than they did during the first round in July. 2020 Electionsread more

Wall Street analysts, normally a bullish bunch especially on recent IPOs, can't bring themselves to recommend buying Beyond Meat even as the stock tanked by double digits. The alternative meat company reported mixed earnings and a secondary offering after the bell on Monday, causing the stock to drop more than 15% in early trading to $188.01. "We remain on the sidelines as valuation appears stretched at over 40x enterprise value/next twelve months sales, implying limited upside potential from a valuation perspective," Bernstein analyst Alexia Howard said. "The question from here is whether the company can continue to deliver positive news that surprises to the upside," she said. The view was much the same from analysts at J.P. Morgan but the firm said fundamentals may be more important than valuation here.

For investors looking to understand what's next for Beyond Meat, it might be wise to take a look at bitcoin. In May, the maker of meat alternatives set its initial public offering price at $25 per share. Left, one of Wall Street's most prominent short sellers, said that his firm covered the float on its short bet on Beyond. Friday's rally resulted in $66.5 million in losses for short sellers, according to S3 Partners. Out of everyone who purchases meat alternatives, 98% bought meat, a sign that most of the demand is coming from so-called flexitarians.

Investor enthusiasm for Beyond Meat is rubbing off on the companies selling its vegan meat products. Beyond's stock price is now eight times higher than its initial public offering price of $25. The company's market debut in May gave investors their first shot at buying into the growing market for meat substitutes. It completed a 1-for-15 reverse stock split last month to keep its stock price above $1 and avoid being delisted on the New York Stock Exchange. Its market value has dropped by nearly $14 million since July 16, and shares are trading down 2% Wednesday.

After Chipotle Mexican Grill CEO Brian Niccol said imitation meat products are too processed for the restaurant chain's menu, Beyond Meat CEO Ethan Brown invited him and any other naysayers on a tour of the company's manufacturing facilities. "We welcome anyone who wants to come to our facility for a tour to do it at any time," he said. Niccol told Yahoo Finance on Tuesday that the chain will not serve plant-based options from Beyond or its privately held rival Impossible Foods because they are too processed. Beyond and Impossible have found fans outside of vegetarians and vegans because their products taste more like meat than traditional veggie options. Chipotle joins the likes of Taco Bell Niccol's former employer and Arby's in committing to excluding meatless meats on its menu.

Meat contaminated with E. coli may have been shipped to stores Retail stores in nine states may have received tainted beef. Gayle King reports.