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Beyond Meat Inc BYND Stock Quote

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Morningstar‘s Stock Analysis BYND

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Is it the right time to buy or sell?

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Consumer Price Sensitivity Hampering Near-Term Demand for Beyond Meat, but Long-Term Looks Promising

Rebecca Scheuneman, CFA Senior Equity Analyst

Business Strategy and Outlook

| Rebecca Scheuneman, CFA |

Beyond Meat is a pioneer in the plant-based meat, or PBM, industry, offering the first burger to look and taste like meat, although it was soon followed by Impossible Foods and many others. Given the rapidly changing marketplace, we think it is too early to tell if Beyond’s first-mover advantage will result in an enduring market leadership position. Until we have better visibility on the strength and durability of its brand, we don’t assign Beyond a moat.

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Key Statistics BYND

Company Profile BYND

Business Description

Beyond Meat is a provider of plant-based meats, such as burgers, sausage, ground beef, and chicken. Unlike other vegetarian products, Beyond Meat seeks to replicate the look, cook, and taste of meat, is targeted to omnivores and vegetarians alike, and is sold in the meat case. The products are widely available across the U.S. and Canada and in 83 additional countries as well. International revenue represented 31% of 2021 sales. The firm’s products are available in retail stores and the food-service channel. In 2019, before the pandemic struck, sales were evenly split between these two channels, although mix stood at 70% retail/30% food service in 2021. We think the recovery from the crisis and new deals with McDonald's and Yum Brands will return food-service sales to nearly 50% in time.

119 Standard Street
El Segundo, CA, 90245
T +1 866 756-4112
Industry Packaged Foods
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 1,419