BYND News & Events

Reports Q1 revenue $58.21M, consensus $58.08M. Beyond Meat President and CEO Ethan Brown commented, "This quarter marked a decisive broadening of our Company aperture to include the rapidly growing functional food and beverage category. Even as we apply our brand, expertise and technology to adjacent markets, we remain highly focused on the performance of our core business, which we believe will deliver substantial long-term value. To this end, we are pleased to report significant operating expense improvement and our lowest quarterly cash use in over two years."

Beyond Meat sees Q2 revenue $60M-$65M, consensus $66.97M

Mixed options sentiment in Beyond Meat (BYND), with shares up 10c, or 11.04%, near $1.02. Options volume roughly in line with average with 146k contracts traded and calls leading puts for a put/call ratio of 0.12, compared to a typical level near 0.19. Implied volatility (IV30) dropped 14.79 near 212.61,in the top quartile of the past year, suggesting an expected daily move of $0.14. Put-call skew steepened, indicating increased demand for downside protection.The company will report earnings after the close today. Option markets are pricing in a 50% probability of a move greater than 21.56% or $0.22.