The company needs to continue to innovate and explore all areas of protein substitution, including chicken so that plant-based meat substitute producers can build new partnerships, burger chains, and beef supermarket stores.
For shareholders of Nasdaq Bynd, the previous year is a bumper year. As of the last month of the previous year, Nasdaq Bynd has risen 83% since the beginning of the year. Of course, this year is also very unstable. By the next year, there may be some more competition, which can be difficult to manage. But for those who keep going, it pays off.
Plant-based meats can benefit the world. This could put an end to industrial agriculture, make it more sustainable, combat global warming, and provide a way to provide the middle class with a favorite food without destroying the planet. As the industry develops, its products can become cheaper, healthier, and more diverse.
As for BYND stock price, many research analysts have downgraded Beyond Meat’s earnings estimate for the first quarter of 2021 in some research reports.
Ray of Hopes of NASDAQ BYND
NASDAQ BYND deeply believes that there is a better way to develop your future, no matter big and small, the positive choices made by all of us can do a lot. The company tries to bring an impact on our personal health and the health of the planet. By moving from animal meat to vegetable meat, we can have a positive impact on four increasingly serious global issues: human health, climate change, limited natural resources, and animal welfare. As of September 26, 2020, Nasdaq Bynd provides products to more than 100,000 outlets and catering outlets in more than 80 regions.
Food Company Nasdaq Bynd manufactures meat products of plant origin in the United States and around the world. A few years ago, when the first product was quietly launched in high-end restaurants, the coverage was pretty positive, and some critics even called it the future of meat. Beyond Meat will also sign contracts with new catering partners in 2021. In the first three quarters of 2020, the company’s global food income decreased by almost 17% compared to last year.
This is largely due to the closure of restaurant chains due to the pandemic. But the release of a new menu item is also delayed. With the normalization of the restaurant business Beyond Meat is expected to announce new menu items and new restaurant partners, including possible deals with McDonald’s.In the first quarter, revenue increased around 140% year-over-year to $ 97.1 million. Hence, the total revenue beats analysts’ average expectations of $ 87.3 million. You can check the BYND balance sheet at https://www.webull.com/balance-sheet/nasdaq-bynd before investing.
Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.