Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Beyond Meat 10% Burger Price Reduction Suggests Ongoing Challenges - Analyst

Published 07/18/2022, 05:03 PM
Updated 07/18/2022, 05:11 PM
© Reuters Beyond Meat 10% Burger Price Reduction Suggests Ongoing Challenges - Analyst

By Davit Kirakosyan

Analyst Rupesh Parikh from Oppenheimer released a company update on Beyond Meat, Inc. (NASDAQ:BYND), noting that the company’s recent pricing action and continued aggressive discounting suggest ongoing challenges for the category and for the company's prospects.

According to the analysts, their store checks over the weekend showed a reduction in the regular price (down 10% from the Fourth of July weekend) for the company’s burgers at the Costco in Wayne, NJ.

The analysts see difficulties in the company's ability to ramp gross margins back to pre-pandemic levels. Oppenheimer said it would remain sidelined (reiterated perform rating) with the company’s shares amidst both fundamental challenges and dilution risks down the road to improve the company's financial position.

Latest comments

The beyond meat burger is terrible!
Interesting because competitors that remain privately owned have raised prices. A favorite brand has moved from 4.99 to 6.99 since 2020. Maybe I'll try Beyond Meat if their prices are lowered. At the start, their products were pricey for smaller weights.
Down 10% at one store? That's not much effort.
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.