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Beyond Meat

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 attributes of popular animal-based meat products while enjoying the nutritional and environmental benefits of eating plant-based meat product It has products such as burgers, sausage, ground beef, jerky, meatballs and chicken. The company generates revenue from sales of its products to the customers across mainstream grocery, mass merchandiser, club store, convenience store and natural retailer channels and various food-away-from-home channels, including restaurants, foodservice outlets and schools, mainly in the United States.

Beyond Meat Inc

Despite President Donald Trump's assertion that the U.S. will sell "so much" beef to Australia, economists and traders say supply shortages and record-high prices make major exports unrealistic.
What Happened: On Thursday, Australia eased longstanding biosecurity restrictions on <a href="https://www.benzinga.com/personal-finance/25/04/44790753/howard-lutnick-calls-out-eu-over-beef-restrictions-unbelievable-they-wont-take-our-chicken-our-lobsters-or-our-corn">U.S. beef imports</a>, prompting Trump to declare on Truth Social, "We are going to sell so much to Australia because this is undeniable and irrefutable proof that U.S. Beef is the safest and best in the entire world."
<figure class="wp-block-image aligncenter size-large is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/26003728/Screenshot-2025-07-26-at-10.07.24%E2%80%AFAM-1024x612.png" alt="" class="wp-image-1001724" style="width:543px;height:auto" /><figcaption class="wp-element-caption">Source: Truth Social </figcaption></figure>
But livestock traders and economists quickly pushed back, reported Reuters.
"We can't get enough beef in the U.S. right now, so we're bringing it in from Australia and Brazil," said Dan Norcini, an independent U.S. livestock trader. "We're not going to be selling anything significant to anyone."
The U.S. cattle herd is at its lowest in decades—94.2 million head as of July 1—due to drought and feed shortages, the report said.
See Also:&nbsp;<a href="https://benzinga.com/news/topics/25/07/46590373/elon-musk-richest-man-alive-is-asked-how-he-feels-about-being-labeled-evil-billionaire-its-not-like-ive-got-some-massive-cash-balance" target="_blank" rel="noreferrer noopener">Elon Musk, Richest Man Alive, Is Asked How He Feels About Being Labeled ‘Evil Billionaire&#8217; — ‘It&#8217;s Not Like I&#8217;ve Got Some Massive Cash Balance&#8217;</a>
Last year, Australia exported nearly 400,000 metric tons of beef to the U.S., while American exports to Australia totaled just 269 tons.
"They have more cattle than people," said David Anderson, agricultural economist at Texas A&amp;M University. "That's why they export so much."
Why It Matters: While egg prices are falling, beef prices have surged to record <a href="https://www.benzinga.com/news/restaurants/25/07/46561796/beef-its-whats-for-dinner-if-you-can-afford-it">highs in 2025</a>, pushing grocery bills higher.
Ground beef now averages $6.12 per pound (up nearly 12% year-over-year), and steaks are around $11.49 per pound.
Key factors include shrinking cattle herds (lowest since 1951), persistent drought, costly feed, high interest rates and trade restrictions—such as a U.S. suspension of cattle imports from Mexico and a 50% tariff on Brazilian beef starting Aug. 1.
Despite rising prices, U.S. consumer demand for beef remains strong. However, companies like Hormel Foods Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) may benefit if shoppers shift to pork or chicken, while plant-based alternatives like Beyond Meat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>) and Impossible Foods could also see gains.
Tyson Foods Inc.'s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>) CEO has called this the &#8220;most challenging market&#8221; for beef in the company's history.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Maxim Elramsisy / Shutterstock.com

Politics

BYND

US Can't Meet Its Own Beef Demand, Let Alone Export 'So Much' To Australia, Say Traders After Trump's Boast: 'Not Going To Be Selling Anything…'

<h3>Gainers</h3>
<ul>
<li>Webuy Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBUY#NASDAQ">WBUY</a>) shares increased by 19.7% to $8.93 during Wednesday's pre-market session. The company's market cap stands at $9.1 million. </li>
<li>Usana Health Sciences (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USNA#NYSE">USNA</a>) shares increased by 17.17% to $36.95. The company's market cap stands at $587.1 million. As per the press release, Q2 earnings came out yesterday. </li>
<li>Beyond Meat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>) shares moved upwards by 16.35% to $4.91. The market value of their outstanding shares is at $322.7 million. </li>
<li>SRX HealthSolutions (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SRXH#AMEX">SRXH</a>) stock moved upwards by 8.55% to $0.59. The market value of their outstanding shares is at $8.4 million. </li>
<li>Moolec Science (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLEC#NASDAQ">MLEC</a>) stock increased by 7.66% to $3.51. The market value of their outstanding shares is at $13.0 million. </li>
<li>AgriFORCE Growing Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGRI#NASDAQ">AGRI</a>) stock moved upwards by 6.19% to $0.75. The market value of their outstanding shares is at $2.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Branchout Food (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOF#NASDAQ">BOF</a>) shares decreased by 5.2% to $2.75 during Wednesday's pre-market session. The company's market cap stands at $31.0 million. </li>
<li>Amaze Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/AMZE#AMEX">AMZE</a>) stock declined by 5.15% to $5.9. The market value of their outstanding shares is at $32.8 million. </li>
<li>Upexi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPXI#NASDAQ">UPXI</a>) shares fell 5.05% to $7.31. The market value of their outstanding shares is at $390.0 million. </li>
<li>PMGC Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELAB#NASDAQ">ELAB</a>) stock declined by 4.22% to $2.27. The company's market cap stands at $3.2 million. </li>
<li>Beeline Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLNE#NASDAQ">BLNE</a>) stock decreased by 3.87% to $2.49. The company's market cap stands at $31.2 million. </li>
<li>Davis Commodities (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DTCK#NASDAQ">DTCK</a>) stock declined by 3.6% to $0.93. The company's market cap stands at $23.5 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-defensive-stocks/" title="www.benzinga.com/money/best-consumer-defensive-stocks/">www.benzinga.com/money/best-consumer-defensive-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Consumer Staples Stocks Moving In Wednesday's Pre-Market Session

Just as egg prices come down, the cost of beef has risen sharply over the past year to reach all-time highs in 2025. Here's a look at why beef is the latest item driving <a href="https://www.benzinga.com/personal-finance/management/25/07/46521282/are-you-rich-or-just-comfortable-heres-the-net-worth-americans-think-you-need-for-both">grocery bills higher.&nbsp;</a>
The Details: The average price for a pound of ground beef climbed to $6.12 in June, up nearly 12% from a year ago and marking the first time ground beef has climbed above $6 per pound since recordkeeping began. Steaks averaged $11.49 per pound, also up by around 8% to 12% depending on the cut.&nbsp;
Read Next: <a href="https://www.benzinga.com/markets/tech/25/07/46505139/quantum-stock-tracker-rigetti-achieves-major-breakthrough-but-jim-cramer-names-another-stock-to-own?utm_source=articleShare">Quantum Stock Tracker: Rigetti Achieves Major Breakthrough, But Jim Cramer Names Another Stock To &#8216;Own&#8217;</a>
<h2 class="wp-block-heading">Where's The Beef? </h2>
Some of the key drivers for soaring beef prices are shrinking cattle herds, drought conditions, costly feed and rising interest rates. 
<ul class="wp-block-list">
<li>The total U.S. cattle inventory is at its lowest since 1951, down about 8% from 2019 to 2025, and now stands near 86.7 million heads, according to SupplyChainBrain.&nbsp;</li>
<li>Persistent droughts have reduced pastures, sending feed prices and production costs higher.</li>
<li>The U.S. temporarily suspended cattle imports from Mexico in May due to a parasite outbreak and a 50% tariff on Brazilian beef imports, which starts Aug. 1, could further restrict supply and keep prices elevated.</li>
<li>High interest rates and persistent economic challenges have raised costs throughout the supply chain.&nbsp;</li>
</ul>
One of the largest beef processors, Tyson Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>) CEO Donnie King said on the company's most recent earnings call that "beef is experiencing the most challenging market conditions we've ever seen."
Consumer demand remains strong as Americans continue to purchase beef, despite the record-high prices, according to the American Farm Bureau Federation.&nbsp;
However, companies like Hormel Foods Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) could benefit from increased pork and chicken sales if American consumers make a turn away from beef. 
Alternative protein companies such as Beyond Meat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>) and Impossible Foods could see indirect benefits from the high cost of beef if consumers look for other substitutes. 
What's Ahead: Experts warn that this could be just the beginning of a lengthy period of tight supply and elevated beef prices.&nbsp;
Patrick Montgomery, CEO of the Kansas City Cattle Company, told Axios that the latest price increases were &#8220;just the tip of the iceberg.&#8221;
&#8220;Prices for beef will continue to be tumultuous for the next two to four years,&#8221; Montgomery added.&nbsp;
Read Next:&nbsp;
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Photo: Shutterstock

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Beef: It's What's for Dinner — If You Can Afford It

Each year, FTSE Russell recalibrates its U.S. indexes to ensure they accurately represent the evolving market. The Russell 1000 Index, comprising the largest 1,000 U.S. companies by market cap, saw some notable additions and <a href="https://www.benzinga.com/markets/equities/25/07/46313915/tom-lee-calls-robinhood-morgan-stanley-for-gen-z-draws-1980s-wall-street-broker-analogy-to-explain-fintechs-rise">exclusions in 2025.&nbsp;</a>
Reconstitution: The Russell Index reconstitution ranks among the busiest trading days of the year, as asset managers rebalance portfolios to align with the updated index components. 
This year's event set a new record when 2.5 billion shares changed hands in just 0.9 seconds, representing a staggering $102.4 billion in traded securities, according to Jeff Buchbinder, chief equity strategist at LPL Financial. 
Read Next: <a href="https://www.benzinga.com/markets/tech/25/07/46422009/rare-earth-royalty-meet-the-power-players-shaping-the-industry?utm_source=articleShare">Rare Earth Royalty: Meet The Power Players Shaping The Industry</a>
Russell 1000 Additions: The Russell 1000 Index welcomed 37 new constituents in its latest reconstitution, with 19 companies promoted from the Russell 2000 Index, which includes the next 2,000 largest U.S. stocks. 
The remaining 18 additions were primarily new entrants to the Russell Index family, with 17 of them joining for the first time, including two recent IPOs: SailPoint, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIL#NASDAQ">SAIL</a>) and Karman Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRMN#NYSE">KRMN</a>). 
Core Scientific, Inc. (CORZ), previously a micro-cap stock outside the Russell 3000, made an enormous leap directly into the Russell 1000. 
<h3 class="wp-block-heading">Other Notable Russell 1000 Additions:&nbsp;</h3>
<ul class="wp-block-list">
<li>Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>)&nbsp;</li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>)&nbsp;</li>
<li>DraftKings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>)&nbsp;</li>
<li>Roku, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>)&nbsp;</li>
</ul>
<h3 class="wp-block-heading">Notable Russell 1000 Exclusions:&nbsp;</h3>
<ul class="wp-block-list">
<li>Nikola Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKLA#NASDAQ">NKLA</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NKLAQ#OTC">NKLAQ</a>)&nbsp;</li>
<li>Plug Power, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>)&nbsp;</li>
<li>Beyond Meat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>)&nbsp;</li>
<li>Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>)&nbsp;</li>
</ul>
While Rivian was added to the Russell 1000 this year, other EV makers, Nikola and Lucid, were removed from the index. Green energy company Plug Power and Beyond Meat were also excluded.
<h3 class="wp-block-heading">Key Takeaway</h3>
While it is crucial to understand the Russell reconstitution and how sector indexes' compositions have changed, LPL Financial advises that the best course of action may be to "stay the course."
"For investors considering adjustments to their portfolios following these changes, we suggest staying patient while keeping in mind that volatility may pick up over the next few weeks around tariff headlines, incoming inflation data, the upcoming earnings season and historical seasonal weakness," Buchbinder said.&nbsp;
Read Next:&nbsp;
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Photo: Shutterstock

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Rivian Unseats Lucid, DraftKings Ousts Plug Power In Russell 1000 Shake-Up

Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has experienced a wave of executive departures over the past year as CEO Elon Musk became involved in politics and the company <a href="https://www.benzinga.com/markets/tech/25/06/46132042/teslas-q2-sales-going-to-s-says-gary-black-after-tsla-north-america-and-europe-chief-omead-afshars-exit">suffered a downturn in sales.</a>
The company has experienced a high rate of executive turnover in the past as well, with notable waves of departures before 2024. 
Here&#8217;s a look at the most recent wave of departures and some notable executive exits from Tesla&#8217;s history. 
Read Next:<a href="https://www.benzinga.com/markets/large-cap/25/07/46426351/teslas-sales-turmoil-deepens-with-north-america-sales-chiefs-exit?utm_source=articleShare"> Tesla&#8217;s Sales Turmoil Deepens With North America Sales Chief&#8217;s Exit</a>
<h1 class="wp-block-heading">Key Recent Departures From Tesla (2024-Present Day)</h1>
The recent Tesla exodus has led to questions about the company&#8217;s ability to retain top talent and maintain its competitive edge, especially as it shifts focus toward robotics and autonomous driving while facing a downturn in its core automotive business. 
<ul class="wp-block-list">
<li>Troy Jones: Tesla's vice president of sales, service and delivery for North America, left the company in July 2025 after a 15-year tenure. His departure comes amid <a href="https://www.benzinga.com/markets/large-cap/25/07/46426351/teslas-sales-turmoil-deepens-with-north-america-sales-chiefs-exit">declining sales</a> and increased competition in Tesla's largest market<a href="https://electrek.co/2025/07/15/tesls-long-time-head-sales-north-america-out/" target="_blank" rel="noreferrer noopener"></a><a href="https://www.reuters.com/business/autos-transportation/teslas-top-north-american-sales-executive-leaves-wsj-reports-2025-07-15/" target="_blank" rel="noreferrer noopener"></a><a href="https://www.wsj.com/business/autos/tesla-troy-jones-north-american-sales-leaves-b2ac616d" target="_blank" rel="noreferrer noopener"></a><a href="https://finance.yahoo.com/news/tesla-loses-another-top-sales-181644077.html" target="_blank" rel="noreferrer noopener"></a>.</li>
<li>Omead Afshar: Formerly head of North American and European operations and a close confidant of Musk, Afshar was dismissed in June 2025. His exit is seen as a pivotal moment, highlighting governance challenges and a leadership vacuum at Tesla<a href="https://www.businessinsider.com/tesla-executives-who-left-company-elon-musk-layoffs-2024-5" target="_blank" rel="noreferrer noopener"></a><a href="https://www.ainvest.com/news/tesla-leadership-crisis-erosion-market-dominance-2506/" target="_blank" rel="noreferrer noopener"></a><a href="https://www.reuters.com/legal/transactional/tesla-executive-elon-musk-confidant-leaves-ev-maker-bloomberg-news-reports-2025-06-26/" target="_blank" rel="noreferrer noopener"></a><a href="https://www.ainvest.com/news/tesla-leadership-exodus-executive-chaos-derail-musk-vision-2507/" target="_blank" rel="noreferrer noopener"></a>.</li>
<li>Jenna Ferrua: Head of human resources in North America, recently exited, <a href="https://www.benzinga.com/markets/tech/25/06/46125266/thank-you-elon-musks-longtime-aide-reportedly-fired-days-after-public-praise">further contributing</a> to the leadership shakeup<a href="https://electrek.co/2025/07/15/tesls-long-time-head-sales-north-america-out/" target="_blank" rel="noreferrer noopener"></a>.</li>
<li>Milan Kovac: Led the Optimus humanoid<a href="https://www.benzinga.com/markets/tech/25/06/45826839/elon-musks-tesla-optimus-robot-program-head-milan-kovac-steps-down"> robot program</a>, left in June 2025, signaling technical and strategic challenges in Tesla's robotics ambitions<a href="https://www.reuters.com/business/autos-transportation/teslas-top-north-american-sales-executive-leaves-wsj-reports-2025-07-15/" target="_blank" rel="noreferrer noopener"></a><a href="https://www.ainvest.com/news/tesla-leadership-exodus-executive-chaos-derail-musk-vision-2507/" target="_blank" rel="noreferrer noopener"></a>.</li>
<li>Vineet Mehta: Top battery executive, departed in May 2025, raising concerns about Tesla's ability to maintain<a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/11/29780161/elon-musks-successor-as-tesla-ceo-analyst-names-apple-ex-volkswagen-execs-among-lea"> its edge</a> in battery innovation<a href="https://www.reuters.com/business/autos-transportation/teslas-top-north-american-sales-executive-leaves-wsj-reports-2025-07-15/" target="_blank" rel="noreferrer noopener"></a><a href="https://www.ainvest.com/news/tesla-leadership-exodus-executive-chaos-derail-musk-vision-2507/" target="_blank" rel="noreferrer noopener"></a>.</li>
<li>Rebecca Tinucci: Senior director of supercharging, left in April 2024 along with her entire team, impacting Tesla's charging infrastructure relationships with other automakers<a href="https://www.businessinsider.com/tesla-executives-who-left-company-elon-musk-layoffs-2024-5" target="_blank" rel="noreferrer noopener"></a>.</li>
<li>Drew Baglino: Senior vice president and head of engineering and technology development for batteries, resigned <a href="https://www.benzinga.com/tech/25/01/43377716/tesla-employee-headcount-drops-after-april-layoff">in April 2024 </a>after 18 years at Tesla<a href="https://fortune.com/2024/04/23/tesla-elon-musk-ceo-executive-resign-earnings-call-electric-vehicle/" target="_blank" rel="noreferrer noopener"></a>.</li>
<li>Martin Viecha: Vice president of investor relations, left in April 2024, marking the third high-level exit in two weeks at that time<a href="https://fortune.com/2024/04/23/tesla-elon-musk-ceo-executive-resign-earnings-call-electric-vehicle/" target="_blank" rel="noreferrer noopener"></a>.</li>
<li>Rohan Patel: Vice president of public policy and business development, also left in early 2024<a href="https://fortune.com/2024/04/23/tesla-elon-musk-ceo-executive-resign-earnings-call-electric-vehicle/" target="_blank" rel="noreferrer noopener"></a>.</li>
</ul>
<h1 class="wp-block-heading">Notable Executive Departures (2016–2023)</h1>
A significant number of senior leaders have left Tesla often amid production challenges, regulatory scrutiny and questions about the company's long-term profitability. Some of the most prominent departures include:
<ul class="wp-block-list">
<li>Jon McNeill: President of global sales and services, left in February 2018 and became COO of Lyft, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>)</li>
<li>Eric Branderiz: Chief accounting officer, left in March 2018 and became CFO of Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>)</li>
<li>Jim Keller: Head of autopilot hardware engineering, left in April 2018 and became head of silicon engineering at Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)</li>
<li>Sarah O&#8217;Brien: Vice president of communications, left in September 2018 and became vide president of executive communications for Facebook at Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</li>
<li>JB Straubel: Chief technology officer, left in July 2019 and continued as an advisor to Tesla</li>
<li>Deepak Ahuja: Chief financial officer, left in March 2019 and retired</li>
<li>Sanjay Shah: Senior vice president of energy operations, left in September 2019 and joined Beyond Meat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>) as COO.</li>
<li>Valerie Capers Workman: Head of human resources, left in 2022. Workman was one of Tesla's <a href="https://www.benzinga.com/news/21/10/23240246/how-tesla-is-responding-to-137m-jury-verdict-for-racism-in-workplace">most senior </a>Black executives and left to join Handshake as chief legal officer<a href="https://www.businessinsider.com/tesla-valerie-capers-workman-hr-boss-leaving-company-2022-1" target="_blank" rel="noreferrer noopener"></a>.</li>
<li>Zachary Kirkhorn: Chief financial officer, left in August 2023 with <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/08/33616867/why-did-tesla-cfo-quit-musk-cites-long-tour-of-duty-but-2-analysts-have-their-own-t">no public reason</a> given for his departure<a href="https://www.cnn.com/2023/08/07/business/tesla-cfo-resigns" target="_blank" rel="noreferrer noopener"></a>.</li>
</ul>
Tesla's history of executive turnover is not a recent phenomenon but a persistent feature of its corporate culture, reflecting both the intense demands of its mission and the challenges of working under Musk's leadership.
Read Next:&nbsp;
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</ul>
Photo: Shutterstock

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TSLA

Tesla Leaders Take The Exit Lane: Where Have All The Execs Gone?

Private-equity funds want to spend their clients' capital on startups with favorable odds for exceptional financial returns. But 90% of startups eventually fail, according to <a href="https://startupgenome.com/article/the-state-of-the-global-startup-economy">Startup Genome</a>, highlighting extreme risk that balances the prospect of enormous profits. To improve their odds, these firms perform due diligence, identifying and discarding proposals from that majority, while they look for the next big thing.&nbsp;
With that in mind, let's examine five common reasons most startups fail.&nbsp;
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<h2 class="wp-block-heading">Lack of Demand</h2>
Startups need to prove the market needs them. They may have great ideas that would make Einstein blush but lack grounding, direction or the demand needed to scale into major production. This proof requires detailed demographic and industry studies that explain how the startup can capitalize upon that market. A review of scaling issues and opportunities is also needed. For example, if 5,000 customers buy their innovative product or service, can they prove a similar market for 50,000, 500,000 or 5 million?
<h2 class="wp-block-heading">Cash Burn</h2>
Startups rely on seed capital from investors who are looking for progress as their business plans unfold. When an enterprise hits an inevitable roadblock or delay, some funds may bail on the next cash infusion, leaving the startup with insufficient capital to successfully accomplish its short-term goals. This is especially critical if the startup underestimates customer acquisition costs, which can burn cash faster than product development.
Trending: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.
<h2 class="wp-block-heading">Better-Positioned Rivals</h2>
Major market opportunities attract major competition. For example, <a href="https://www.benzinga.com/25/05/45651756/streaming-wars-heat-up-how-moonvalleys-123m-ai-bet-could-shape-hollywoods-future">startups</a> focused on AI cinema creation have saturated the space in 2025, yielding competing technologies and business concepts. Markets will eventually settle on the most popular approaches, but the majority will probably get left behind. The battle between VHS and Betamax in the 1980s video format wars offers a perfect example of this tech adaptation process at work.
<h2 class="wp-block-heading">Bad Business Model</h2>
A comprehensive business plan is the first job for entrepreneurs seeking private-equity fund capital to pay for their startups. A flawed plan not supported by a mountain of data, spreadsheets and demographics can doom the startup before it gets off the ground. Even worse, flaws may not show their power until after the product or service moves into production, increasing investment risk.&nbsp;
See Also: <a href="https://www.benzinga.com/money/are-you-rich">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy.
For example, <a href="https://www.benzinga.com/quote/BYND">Beyond Meat</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>) went public to great fanfare in 2019, rallying into triple digits. The stock now trades around three bucks, with plummeting consumer demand for plant-based meat alternatives. In addition to a bad call on consumers, Beyond also underestimated the public's rejection of questionable ingredients, including methylcellulose, canola, palm oil, and sorbitol in their ‘healthy' products.
<h2 class="wp-block-heading">Poor Decision-Making</h2>
Startups are living organisms, requiring constant attention to redirect goals and allocate resources. It's a group project performed by many talented folks, but the corporate structure may place too much power in too few hands. At the top of the list: business decisions made solely by founders that lack group vetting. This my-way-or-the-highway approach can lead to dead ends, detours and cash burn that portends disastrous outcomes. After all, not everyone is Steve Jobs or Elon Musk.
Read Next: Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.
Image: Shutterstock

90% of Startups Fail – Here's What's Going Wrong

Barclays analyst Benjamin Theurer maintains Beyond Meat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>) with a Underweight and lowers the price target from $3 to $2.

Price Target

Analyst Ratings

Barclays Maintains Underweight on Beyond Meat, Lowers Price Target to $2

Beyond Meat Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>) missed analyst expectations in the first quarter of the ongoing fiscal year and withdrew its full-year revenue guidance, citing the ongoing economic uncertainties. However, the CEO forecasted a &#8220;relatively minimal&#8221; tariff impact on the firm.
What Happened: The plant-based meat company withdrew its full-year guidance and limited its revised outlook to the second quarter net revenue expectations only.
&#8220;As with many other companies, we are experiencing an elevated level of uncertainty in our operating environment as a result of the uncertain and volatile macroeconomic conditions, which could have unforeseen impacts on our actual realized results,&#8221; said the CEO, Lubi Kutua.
Meanwhile, while addressing tariff impact questions from the analysts during its earnings call, Kutua said, &#8220;We&#8217;ve done some analysis to try to understand what the implications might be. Look, there&#8217;s no guarantees, but I think at this point, we think the direct impact on our business is relatively minimal.&#8221;
The company incurred extraordinary or transient expenses worth $7 million during the first quarter, which included expenses related to the suspension of its operational activities in China.
&#8220;Gross profit and gross margin included approximately $5.2 million of extraordinary charges related to specific strategic inventory reduction initiatives and expenses related to the suspension of our operational activities in China,&#8221; said the CEO.
See Also: <a href="https://www.benzinga.com/general/market-summary/25/05/45278334/sp-500-chart-indicates-adding-long-positions-as-expert-says-market-has-found-its-balance">S&amp;P 500 Chart Indicates Adding &#8216;Long&#8217; Positions As Expert Says &#8216;Market Has Found Its Balance&#8217;</a>
Why It Matters: <a href="https://www.benzinga.com/news/earnings/25/05/45269814/beyond-meat-reports-disappointing-q1-results-issues-soft-guidance-following-slowdown-in-consumption-shares-slide">Beyond Meat reported</a> revenue of $68.73 million, which fell short of the estimated $75.01 million, after the market closed on Wednesday. The company also reported an adjusted loss of 67 cents per share, exceeding the anticipated loss of 48 cents. 
At the close of the first quarter, Beyond Meat held $115.8 million in cash, cash equivalents, and restricted cash, while its total outstanding debt stood at $1.1 billion.
Beyond Meat expects second-quarter net revenue to be in the range of $80 million to $85 million versus estimates of $93.47 million, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. 
BYND shares have fallen by 34.03% on a year-to-date basis and 69.06% over a year. On Wednesday, the shares ended at $2.54 apiece and dropped by 4.72% in after-hours. Meanwhile, the Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), tracking the Nasdaq 100 index, rose 0.39% in the same session. The stock was 1.97% lower in premarket on Thursday. 
Benzinga Edge Stock Rankings shows that BYND had a weaker price trend over the short, medium, and long term. Its momentum ranking was weaker at 5.12th percentile, whereas its value ranking was also poor at 32.41th percentile; the details of other metrics are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here</a>. 
<figure class="wp-block-image size-large"><a href=" https://www.benzinga.com/quote/BYND"><img loading="lazy" decoding="async" width="1024" height="144" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08061132/Beyond-Meat-Edge-1024x144.png" alt="" class="wp-image-907601" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08061132/Beyond-Meat-Edge-1024x144.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08061132/Beyond-Meat-Edge-300x42.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08061132/Beyond-Meat-Edge-768x108.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08061132/Beyond-Meat-Edge.png 1198w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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</ul>
Photo: courtesy of Beyond Meat.

Earnings

Earnings Misses

Market Summary

Broad U.S. Equity ETFs

Guidance

Futures

ETFs

General

Beyond Meat Shelves Full-Year Outlook After $7M Hit — CEO Warns Of 'Unforeseen' Economic Headwinds, But Downplays Tariff Threat

U.S. stock futures rose on Thursday after two days of advance on Wednesday. Futures of major benchmark indices were higher in premarket.
This followed the Federal Reserve&#8217;s <a href="https://www.benzinga.com/government/regulations/25/05/45266366/powell-flags-sharp-tariff-shock-elevated-uncertainty-fed-sticks-to-wait-and-see-mode">decision to hold the interest rate</a> steady at 4.25% to 4.5% on Wednesday. 
"The tariff increases announced so far have been significantly larger than anticipated," Fed Chair Jerome Powell said.
He noted that if the tariffs are sustained, they could lead to higher inflation, weaker growth, and a rise in unemployment, directly undermining the Fed&#8217;s dual mandate.
"We don&#8217;t think we need to be in a hurry. We are going to be watching the data. It may move quickly or slowly. But we&#8217;re well-positioned to wait," he said.
Meanwhile, the 10-year Treasury bond yielded 4.31% and the two-year bond was at 3.82%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing a 79.8% likelihood of the Federal Reserve keeping the current interest rates unchanged in its June meeting.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.72%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.94%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>1.38%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1.31%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose in premarket on Thursday. The SPY was up 1.14% to $567.54, while the QQQ advanced 1.51% to $490.61, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
Leading the gains among sectors in the S&amp;P 500 on Wednesday were health care, consumer discretionary, and information technology stocks, as most sectors closed positively.
Bucking this trend were communication services and materials stocks, which finished the session lower.
In company news, Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) reported first-quarter revenue that fell short of expectations, while Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) announced positive fiscal second-quarter 2025 results on Wednesday.
On the economic front, U.S. mortgage application volumes saw an 11% increase from the prior week for the week ending May 2nd.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>0.27%</td>
<td>17,738.16</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.43%</td>
<td>5,631.28</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.70%</td>
<td>41,113.97</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.33%</td>
<td>1,989.66</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Sharing a<a href="https://www.benzinga.com/general/market-summary/25/05/45278334/sp-500-chart-indicates-adding-long-positions-as-expert-says-market-has-found-its-balance?utm_campaign=Watchlist&amp;utm_source=Benzinga&amp;utm_medium=Email"> 10-year S&amp;P 500 chart</a> on X, Jurrien Timmer, Director of Global Macro at Fidelity Investments, offered a simple yet thought-provoking approach to navigating uncertainty.
He suggested considering whether to take a long or short position based on the index&#8217;s historical performance. Analyzing the technical patterns, Timmer concluded that establishing or increasing &#8220;long&#8221; positions appeared to be the more favorable strategy.
Timmer stated that the S&amp;P 500 appears to have gravitated back to this long-term uptrend line. This convergence, according to Timmer, suggests that the &#8220;market has found its balance.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">At times of uncertainty, I find it useful to pull up a simple chart of the S&amp;P 500 and ask myself: do I want to be long or short this chart? Different people will come up with different answers, but for me the chart below suggests "long." We have a rising uptrend line and a… <a href="https://t.co/DsLOxYz6sn">pic.twitter.com/DsLOxYz6sn</a>
&mdash; Jurrien Timmer (@TimmerFidelity) <a href="https://twitter.com/TimmerFidelity/status/1920148872690532867?ref_src=twsrc%5Etfw">May 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Scott Wren, the senior global market strategist at Wells Fargo, stated in his weekly note that &#8220;Further near-term upside in the S&amp;P 500 Index is likely limited, and we expect to see more downside volatility before the tariff uncertainties are resolved.&#8221;
According to Wren, central bankers keep telling us they are "data dependent." That means Chair Powell and the other voting Federal Open Market Committee members need to see the data that tells the Federal Reserve the labor environment is weak and/or inflation readings are coming down consistently.
&#8220;In the meantime, we are looking into 2026 and seeing an economic and earnings recovery. For now, while volatility remains the likely headline, we prefer to focus on quality, like large- and mid-cap U.S. equities, and favor the Energy, Communication Services, Information Technology, and Financials sectors,&#8221; he added.
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Thursday:
<ul>
<li>Initial jobless claims for the week ended May 3 and U.S. productivity data for the first quarter will be released by 8:30 a.m. ET.</li>
</ul>
<ul>
<li>March&#8217;s wholesale inventories data will be out by 10:00 a.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>US Foods Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USFD#NYSE">USFD</a>) fell 0.17% in premarket on Thursday as it is expected to report earnings before the opening bell. Analysts expect a quarterly earnings of 69 cents per share on revenue of $9.38 billion.</li>
<li>ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) was up 1.35% as Wall Street expects it to report earnings of 50 cents per share on revenue of $11.62 billion before the opening bell.</li>
<li>Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) jumped 4.53% as it is expected to report earnings before the opening bell. Analysts expect a quarterly earnings of 69 cents per share on revenue of $9.38 billion.</li>
<li>Anheuser-Busch Inbev SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUD#NYSE">BUD</a>) rose 2.55% after reporting a 7.9% increase in operating profit for the first quarter, also topping market estimates.</li>
<li>Cleveland-Cliffs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) dropped 9.31% after posting a wider-than-expected loss for the first quarter after the closing bell on Wednesday. The company also said it expects full-year 2025 steel unit cost reductions of approximately $50 per net ton compared to the prior year.</li>
<li>Digital Ally Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGLY#NASDAQ">DGLY</a>) jumped 64.49% after it received a positive determination from the Nasdaq Hearings Panel regarding its continued listing on the Nasdaq Stock Market.</li>
<li>Costamare Bulkers Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMDB#NYSE">CMDB</a>) zoomed 40.27%, announced today that it has completed the spin-off of its dry bulk business into a standalone public company, Costamare Bulkers Holdings Ltd.</li>
<li>Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) was 0.82% higher after China Airlines announced an order including Boeing 777X passenger and freighter models.</li>
<li>Asset Entities Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASST#NASDAQ">ASST</a>) skyrocketed 54.57% after it entered into a definitive merger agreement with Strive Asset Management, a subsidiary of Strive Enterprises, Inc.</li>
<li>Beyond Meat Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>) declined 2.36% after missing analysts&#8217; expectations during the first quarter.</li>
<li>Carvana Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>) jumped 4.21% after the company reported better-than-expected results during the first quarter.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 1.10% to hover around $58.71 per barrel.
Gold Spot US Dollar fell 0.77% to hover around $3,338.64 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was higher by 0.45% at the 100.0640 level.
Asian markets ended higher on Wednesday except India's S&amp;P BSE Sensex. On the other hand, Japan's Nikkei 225, Australia's ASX 200, China&#8217;s CSI 300, Hong Kong's Hang Seng, and South Korea's Kospi index rose. European markets were mixed in early trade.
Read Next:
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<li><a href="https://www.benzinga.com/general/market-summary/25/05/45251508/warren-buffett-falls-behind-nancy-pelosi-in-stock-market-returns-over-the-last-11-years-heres-what-data-shows">Warren Buffett Falls Behind Nancy Pelosi In Stock Market Returns Over The Last 11 Years: Here&#8217;s What Data Shows</a></li>
</ul>
Photo courtesy: Shutterstock

Technicals

Treasuries

Economics

Federal Reserve

Pre-Market Outlook

ASST

CMDB

COIN

CVNA

DGLY

UBER

USFD

US Stocks Likely To Open Higher After Two Days Of Advance: 'Market Has Found Its Balance,' Says Expert Citing S&P 500's Technical Analysis

Beyond Meat Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>) reported first-quarter financial results after the market close on Wednesday. Here&#8217;s a rundown <a href="https://www.benzinga.com/pressreleases/25/05/g45266464/beyond-meat-reports-first-quarter-2025-financial-results">of the report</a>.
<ul>
<li>Q1 Revenue: $68.73 million, versus <a href="http://benzinga.com/quote/bynd/earnings">estimates</a> of $75.01 million</li>
</ul>
<ul>
<li>Q1 Adjusted Loss: 67 cents, versus estimates of 48 cents</li>
</ul>
Total revenue was down 9.1% year-over-year. The plant-based meat company noted that its net loss was impacted by legal expenses, strategic decisions to increase provisions for certain inventory items and the suspension of the company&#8217;s operations in China. 
&#8220;As the&nbsp;first quarter&nbsp;of 2025 progressed to a close, we saw a slowdown in consumption as the uncertain macroeconomic environment likely exacerbated category challenges,&#8221; said Ethan Brown, president and CEO of Beyond Meat.
&#8220;Nevertheless, we drove year-over-year reductions in operating expenses, notwithstanding the impact of certain transitory items, to partially offset disappointing net revenues and gross profit.&#8221;
The company ended the quarter with $115.8 million in cash, cash equivalents and restricted cash, as well as $1.1 billion in total outstanding debt. 
In connection with earnings, Beyond Meat announced that it successfully closed a financing facility providing up to&nbsp;$100 million&nbsp;in new senior secured debt from Unprocessed Foods, LLC. 
Outlook: Beyond Meat expects second-quarter net revenue to be in the range of $80 million to $85 million versus estimates of $93.47 million, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Management will further discuss the quarter on a conference call scheduled to begin at 5 p.m. ET.
BYND Price Action: <a href="http://benzinga.com/quote/bynd">Beyond Meat shares</a> were down 5.51% in Wednesday&#8217;s after-hours session, trading at $2.40 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/earnings/25/05/45268589/sunrun-stock-rallies-after-strong-q1-report-details">Sunrun Stock Rallies After Strong Q1 Report: Details</a></li>
</ul>
Photo: courtesy of Beyond Meat.

Beyond Meat Reports 'Disappointing' Q1 Results, Issues Soft Guidance Following 'Slowdown' In Consumption, Shares Slide

Beyond Meat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>) sees Q2 sales of $80.000 million-$85.000 million vs $93.47 million analyst estimate.

Beyond Meat Sees Q2 Sales $80.000M-$85.000M vs $93.47M Est

Beyond Meat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>) reported quarterly losses of $(0.67) per share which missed the analyst consensus estimate of $(0.48) by 39.58 percent. This is a 6.94 percent increase over losses of $(0.72) per share from the same period last year. The company reported quarterly sales of $68.73 million which missed the analyst consensus estimate of $75.01 million by 8.36 percent. This is a 9.09 percent decrease over sales of $75.60 million the same period last year.

Beyond Meat Q1 Adj. EPS $(0.67) Misses $(0.48) Estimate, Sales $68.73M Miss $75.01M Estimate

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Avadel Pharmaceuticals plc - American Depositary Shares each representing one Ordinary Share

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Brighthouse Financial, Inc. - Common Stock

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Earnings Scheduled For May 7, 2025

Options

Beyond Meat Option Alert: Mar 21 $3 Puts Sweep (20) Below Bid: 12400 @ $0.1 vs 8708 OI; Earnings 5/7 After Close [est] Ref=$3.39

J.P. Morgan analyst Ken Goldman reiterated an <a href="https://www.benzinga.com/quote/BYND/analyst-ratings">Underweight rating</a> on the shares of Beyond Meat Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>).
In the fourth-quarter, the El Segundo, California-based company exceeded revenue expectations by $1.1 million, although EBITDA fell short of consensus Metrix estimates by $7 million, primarily due to a weaker-than-anticipated gross margin, said the analyst.
The 2025 revenue guidance also underperformed, with the midpoint forecast of approximately $327 million, below the Consensus Metrix estimate of $337 million. 
The company projects a gross margin of around 20% for 2025, close to the Street&#8217;s expectation of 20.5%. On the operating expenses front, Beyond Meat continues to make progress by announcing additional savings. But the midpoint guidance of $170 million is slightly below the Street's $173 million estimate, Goldman says.
Beyond said its operating expenses would be reduced by $5.5 million to $6.5 million&nbsp;after its plan to cut 44 positions in North America and the EU.
Also Read: <a href="https://www.benzinga.com/news/earnings/25/02/44005238/norwegian-cruise-line-sails-past-q4-expectations-eps-soars-margins-expand-and-demand-stays-hot">Norwegian Cruise Line Sails Past Q4 Expectations: EPS Soars, Margins Expand And Demand Stays Hot</a>
Overall, the analyst does not see significant changes to the consensus EBITDA for 2025, though the revenue outlook is expected to align with the company's guidance.
While revenue is expected to grow (+MSD%) in 2H24, it&#8217;s important to note that BYND has a history of missing its guidance.
Over the past five years, the company's sales or gross margin projections have consistently fallen short of initial forecasts. Therefore, investors should be cautious about expecting significant upside from the 2025 guidance provided today, the analyst asserted.
The analyst changes the 2025 EBITDA estimate from -$63 million to -$61 million and for 2026, the estimate is changed from -$44 million to -$39 million.
While demand for its products may improve long-term and the company is well-positioned in the alt-meat market, the analyst thinks the path to profitability remains uncertain, and current demand patterns are flat. 
Price Action: BYND shares are trading lower by 9.41% at $3.23 at last check Thursday.
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Image: Shutterstock

Reiteration

Beyond Meat Faces Flat Demand In 2025, Path To Profitability Remains Uncertain: Analyst

The S&amp;P 500 and Nasdaq both slipped into the red, reversing early gains on Thursday, while the Dow Jones remained in positive territory in midday trading. NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) led the tech sector lower after the company posted its smallest revenue beat in <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/02/44015322/nvidia-analyst-sees-significant-upside-for-stock-with-favorable-riskreward">years on Wednesday.</a>
Wall Street digested a slew of new <a href="https://www.benzinga.com/general/market-summary/25/02/44015237/pending-home-sales-crash-to-record-low-jobless-claims-soar-wall-street-reacts">economic data </a>including soaring jobless claims and pending home sales dropping to the lowest level on record in January. The second estimate of the fourth quarter 2024 real GDP showed signs of rising inflation with the personal consumption expenditures price index for the quarter revised up 0.1 percentage point, and core PCE revised up 0.2 percentage points. 
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/02/43949800/tesla-competes-against-chinese-rivals-with-one-hand-tied-behind-its-back-analyst">Tesla Competes Against Chinese Rivals &#8216;With One Hand Tied Behind Its Back&#8217;: Analyst</a>
Economist Mohamed A. El-Erian pointed to the GDP revisions, rising jobless claims and drop in pending home sales as signs of potential trouble ahead.&nbsp;
"Once again, today&#8217;s U.S. economic data have somewhat of a scent of stagflation to them, adding to concerns that the global economy&#8217;s only reliable engine of growth risks playing a game of economic Twister with a foot on stagnation and a hand on inflation," El-Erian wrote in a social<a href="https://x.com/elerianm/status/1895142925786358101"> media post</a>.  
President Donald Trump confirmed Thursday that 25% tariffs on Mexico and Canada will go<a href="https://www.benzinga.com/news/global/25/02/44010093/trumps-plan-for-canada-mexico-china-tariffs-to-start-march-4-could-shake-stock-market"> into effect </a>on March 4. He added that imports from China will also see an additional 10% tariff on March 4, fueling fears that his tariff policies could lead to slower growth and higher inflation.&nbsp;
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) traded below the $85,000 level and the yield on the U.S. 10-year Treasury note rose slightly to 4.29%. 
<h1 class="wp-block-heading">Thursday's Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1 day % chg.</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,951.46</td>
<td>-0.65%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,952.10</td>
<td>-0.07%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>43,695.32</td>
<td>0.60%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,163.19</td>
<td>0.50%</td>
</tr>
</tbody>
</table>
</figure>
According to Benzinga Pro data:
<ul>
<li>The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was down 0.3% to $592.78.</li>
<li>The SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) climbed 0.4% at $436.08.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) dipped 0.91% to $509.88.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) eased 0.53% to $214.54.</li>
<li>The Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) was down 0.39% to $214.85.</li>
<li>The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) rose 1.1% to $90.11.</li>
</ul>
<h1 class="wp-block-heading">Thursday's Stock Movers </h1>
Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) shares dipped Thursday after the<a href="https://www.benzinga.com/news/earnings/25/02/43991325/salesforce-shares-sink-after-q4-revenues-miss-estimates-weak-fy26-guidance-details"> company reported</a> worse-than-expected fourth-quarter sales results and issued FY26 and Q1 guidance below expectations. 
Stocks reacting to company earnings reports included:&nbsp;
<ul>
<li>NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) </li>
<li>IonQ, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>) </li>
<li>MARA Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) </li>
<li>Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) </li>
<li>Snowflake, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>)</li>
<li>eBay, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) </li>
<li>C3.ai, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AI#NYSE">AI</a>) </li>
<li>Joby Aviation, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>) </li>
<li>Virgin Galactic Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPCE#NYSE">SPCE</a>) </li>
<li>Beyond Meat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>)</li>
</ul>
Companies reporting after Thursday's closing bell include:&nbsp;
<ul>
<li>Rocket Lab USA, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) </li>
<li>SoundHound AI, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>) </li>
<li>Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) </li>
<li>Duolingo, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUOL#NYSE">DUOL</a>) </li>
<li>Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) </li>
<li>Archer Aviation Inc.  (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) </li>
<li>Talen Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLN#NASDAQ">TLN</a>) </li>
<li>Clover Health Investments, Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLOV#NASDAQ">CLOV</a>) </li>
<li>Edison International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>)</li>
</ul>
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<li><a href="https://www.benzinga.com/news/econ-s/25/02/43977811/mortgage-rates-drop-to-lowest-levels-since-december-but-housing-market-remains-largely-stuck">Mortgage Rates Drop To Lowest Levels Since December, But Housing Market Remains &#8216;Largely Stuck&#8217;&nbsp;</a></li>
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Photo: Shutterstock

Sector ETFs

Bonds

$BTC

ACHR

CLOV

DELL

SPDR Dow Jones Industrial Average ETF Trust

DUOL

EBAY

IONQ

JOBY

MARA

NVDA

RKLB

SNOW

SOUN

SPCE

Select Sector SPDR-Consumer Discretionary

Trump's Tariffs, Potential 'Stagflation': What's Driving Markets Thursday?

BMO Capital analyst Andrew Strelzik maintains Beyond Meat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>) with a Market Perform and lowers the price target from $6 to $5.

BMO Capital Maintains Market Perform on Beyond Meat, Lowers Price Target to $5

Barclays analyst Benjamin Theurer maintains Beyond Meat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>) with a Underweight and lowers the price target from $4 to $3.

Barclays Maintains Underweight on Beyond Meat, Lowers Price Target to $3

Beyond Meat Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>) shares are trading <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">lower in premarket</a> on Thursday.
The company reported<a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/g43989457/beyond-meat-reports-fourth-quarter-and-full-year-2024-financial-results" rel="noreferrer noopener"> fourth-quarter sales growth of 4% </a>year-on-year to $76.66 million, beating the analyst consensus estimate of $75.31 million.
The increase in net revenues was primarily driven by a 6.3% increase in net revenue per pound, partially offset by a 2.1% decrease in volume of products sold.
U.S. retail channel net revenues increased 5.7% to $33.9 million, U.S. foodservice channel net revenues decreased 2.1% to $10.5 million, International retail&nbsp;declined 1.7% to $13.1 million and International foodservice improved 9.2% to $19.3 million.
Adjusted EPS of $(0.65) <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">missed the consensus</a> estimate of $(0.44).
Gross profit for the quarter was $10.0 million compared to a loss of $83.9 million last year. The gross margin was 13.1%.
The company posted an operating loss of $37.8 million compared to a loss of $160.8 million last year.
Adjusted EBITDA was a loss of $26.0 million versus a loss of $125.1 million in the year-ago period.
The company held $145.6 million in cash and equivalents as of December end. Total outstanding debt was $1.1 billion.
&#8220;2024 was a pivotal year for Beyond Meat. We returned to year-over-year net revenue growth in the second half, meaningfully expanded gross margin compared to the prior year, sharply reduced operating expenses, and delivered a significant year-over-year improvement in Adjusted EBITDA,&#8221; said President and CEO Ethan Brown.
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As part of its strategy to become EBITDA-positive by 2026, the company is implementing organizational changes and cost-cutting initiatives.
On February 24, 2025, the company&#8217;s Board of Directors approved a reduction in force (RIF), cutting 44 positions in North America and the EU.
This move affects around 17% of the non-production workforce globally, which translates to approximately 6% of the company&#8217;s entire global workforce.
Beyond estimates that the 2025 RIF will come with one-time costs of $1.0 million to $1.5 million, mostly covering severance packages, benefits, and other related expenses for affected employees.
These adjustments could lead to an estimated $5.5 million to $6.5 million in reduced cash compensation operating expenses in 2025.
Also, the Board approved a plan to suspend the company&#8217;s current operational activities in China, which are estimated to cease by the end of the second quarter of 2025.
As part of this plan, Beyond is reducing its workforce in China by approximately 20 employees and incur one-time cash charges of approximately $0.5 million to $1.0 million.
Outlook 2025: Beyond Meat sees net revenues of $320 million &#8211; $335 million (estimate: $337.56 million). <a href="https://www.benzinga.com/calendars/guidance">Gross margin of about 20%.</a>
The company expects operating expenses of $160 million &#8211; $180 million and capital expenditures of $15 million &#8211; $20 million.
Price Action: BYND shares are trading lower by 4.78% at $3.39 in premarket at last check Thursday.
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Photo via Shutterstock.

Beyond Meat Slashes Jobs And Suspends China Operations Amid Mixed Q4 Results; Stock Falls

Beyond Meat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>) sees FY2025 sales of $320.000 million-$335.000 million vs $336.01 million analyst estimate.

Beyond Meat Sees FY2025 Sales $320.000M-$335.000M vs $336.01M Est

Press Releases

Global Healthy Foods Market to Reach USD 2,264.1 Billion by 2035, Growing at a 9.7% CAGR | Future Market Insights, Inc.

Beyond Meat Unveils Expanded Line of Beyond Steak®, One of the Fastest Growing and Top Selling Plant-Based Meat Products on the Market (1)

Beyond Meat® to Report Fourth Quarter and Full Year 2024 Financial Results on February 26, 2025

Beyond Meat® Reports Fourth Quarter and Full Year 2024 Financial Results

Beyond Meat® to Report First Quarter 2025 Financial Results on May 7, 2025

Beyond Meat® Launches Beyond Chicken® Pieces at Kroger Stores Nationwide

Beyond Meat® Reports First Quarter 2025 Financial Results

Financing

Beyond Meat® Announces $100 Million New Senior Secured Financing from Ahimsa Foundation Affiliate

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