![]() Prices sank 10% in Thursday morning trading before recovering along with the broader market to close up 3.38%.The veganning of the end? Beyond Meat releases its second consecutive set of stock-tenderizing earnings, but prices get plumped back up as the overall market claws back its sharp losses. He says that while long term growth investments might be pressuring the company now, he’s convinced it’ll pay off in the future. CEO Ethan Brown is trying to appeal to the bulls – the market bulls obvs, they like to leave the real life ones alone.The company has been offering steeper discounts and cheaper prices to international consumers to lure in a loyal following, which together with its new jerky venture (which weighed heavily on margins) is responsible for the wider-than-expected loss. Turns out kindness can kill the balance sheet. ![]() Lifeless earnings were behind the bashing, missing on both ends with LPS of $1.58 on revenues of $109.5bn. The stock saw prices dump down 25% in extended trading on Wednesday, extending the day’s 13% loss and taking shares to a new low of under $19.Busy day for the army.Ī sizzle-less earnings report Beyond Meat releases a limp earnings report that lacks the sizzle a truly great burger needs, sending shares to fresh all-time lows. Apes sent AMC up 19% to a four-month high – despite an after hours drop and poor earnings – after news of an “APE” dividend, Bed Bath & Beyond soared 32% after discontinuing one of its private labels and is now the most shorted stock on the Nasdaq, and second hand car brand Carvana revved 40% despite cutting guidance. Other trending tickers included faves like AMC, BBBY and CVNA.Trending on social streams all day, it seems BYND managed to get caught up in a meme stock short squeeze that saw a day of crazy gains despite a week of worse-than-expected news. Doesn’t sound great, right? No – but its stock skyrocketed nearly 22% on Friday despite falling 2% in Thursday’s after hours, hitting its highest level since early May.The plant-based brand reported a wider-than-expected loss and weak sales for the second quarter, paired with a lowered 2022 revenue forecast and plans to trim its workforce by 4% thanks to macroeconomic conditions. Beyond Meat’s earnings were beefy enough to disguise the taste of tofu at first, but came with none of the trimmings.The retail army gets stuck in Last week served up Q2 earnings from retail faves like Beyond Meat, and the day trading army rolls up its sleeves and tucks straight in despite some undercooked results. If the future is indeed vegan, it’s not looking particularly tasty rn. The fear of upcoming bad news from the Fed has seen Oat milk manufacturer Oatly drop by more than 8% last week and artificial meat producer Agronomics plummet by almost 10% over the same period. ![]()
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