The CEO of the firm, who is also the president and director, is Ethan Brown. He is also the founder of the company, where it was established in 2009.
The main headquarters of the firm are in El Segundo, California, U.S. This is a city in Los Angeles County on the Santa Monica Bay.
For financial reporting, the fiscal year for BYND is on December 31st every year.
The firm offers plant-based burgers. The products range in categories such as Beyond Sausage, Beyond Burgers, Beyond Chicken Strips, and Beyond Beef Crumbles.
El Segundo, California is renowned for having aviation-related and petroleum-related industries. It also has entertainment, technological and many other innovative enterprises.
The plant-based meat industry is not as popular as the animal-based one. Nevertheless, many people are adopting healthy lifestyles and are hence opting for a healthier diet, meaning that the industry is gradually growing. The food products are also cleaner and better for the environment, hence attracting an upsurge in the number of consumers.
The company’s current plans are to undertake more marketing strategies as a way of boosting the consumer base of plant-based meals. As much as the company is a leader in the industry, it intends to undertake more cutting-edge innovations, through the unveiling of more products such as Beyond Burgers, which are expected to launch nationwide in 2021 (Beyond Meat Inc., 2020). In the future, the company aims to continue committing to improving human health by having products that are simple and made from plants that contain no GMO s or any bioengineered ingredients.
The firm’s net income for 12 months, ending September 30th, 2020 was $-0.028B, which is a 44.66% increase year-over-year. In 2019, the net income was $-0.012B, a 58.37% decline from 2018 (McKenna, Nov, 2020).
In the third quarter of 2020, the earnings per share for Beyond meat were $0.31, whereas in Q3, 2019 the EPS Was 0.06.
` As of February 17, 2021, the price of the company’s stock was 167.87 (Yahoo Finance, 2021). In the same period, the current dividend yield was 0.00%.
Beyond Meat Inc. (2020). BEYOND MEAT® UNVEILS DELICIOUS NEXT ITERATIONS OF ICONIC BEYOND BURGER® COMING IN EARLY 2021. Retrieved from https://investors.beyondmeat.com/news-releases/news-release-details/beyond-meatr-unveils-delicious-next-iterations-iconic-beyond
McKenna, B. (Nov 2020). Beyond Meat Stock Gets Slaughtered as Earnings Miss Expectations in a Beyond Big Way. Retrieved from https://www.fool.com/investing/2020/11/10/beyond-meat-stock-gets-slaughtered-as-earnings-mis/
Yahoo Finance. (2021). Beyond Meat, Inc. (BYND). NasdaqGS – NasdaqGS Real-Time Price. Currency in USD. Retrieved from https://finance.yahoo.com/quote/BYND/history/