Beyond Meat’s Turnaround Is Too Uncertain To Bank On

Summary:

  • Beyond Meat improved its margins via cost cuts, lower trade discounts, and price increases.
  • Beyond IV aims to change the perception that the firm’s meat isn’t healthy. The product has a shorter ingredient list and less saturated fat, but sales haven’t spiked.
  • The $1.15 billion in debt due in March 2027 makes Beyond Meat too risky to buy.
  • Beyond Meat faces significant competition from Impossible Foods, which has a better strategy and is gaining market share.
  • I rate Beyond Meat as a hold; avoid buying shares until sales growth from Beyond IV and balance sheet clarity are achieved.

Stylish hipster girl in sunglasses holding delicious vegan burger and smoothie in glass jar in hands at street food festival. Happy boho woman holding burger and drink in summer street

Bogdan Kurylo/iStock via Getty Images

Too Early To Bet On This Turnaround

Beyond Meat’s (NASDAQ:BYND) popularity surged from 2019 to 2021 as consumers flocked to groceries & restaurants to try its plant-based meat products which promised to be a guilt-free, healthy


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