![]() ![]() The other thing that is having an impact on the Beyond Meat stock forecast going forward is the intensifying levels of competition in this space, such as from Impossible Foods and titans like Nestlé. Indeed, the company is announcing brand-new partnerships all the time. So, where does all of this leave Beyond Meat stock predictions going forward? Well, you could argue that the disruption to demand from restaurants is a mere blip, a temporary measure, and things will begin to return to normal in the fullness of time. Beyond Meat share price forecast: cut to the bone? “The headline for the third quarter relative to our expectations at the onset of 2021 is that it was a difficult operating environment, highly variable demand, reflecting the Q2 retreat and then Q3 reemergence of COVID in the form of the delta variant, sustained labor shortages impacting certain customers, as well as our own facilities and other high-impact supply chain disruptions are among the challenges characterized in the quarter”. When Beyond Meat reported its third quarter 2021 results on 10 November, it showed net revenues increased 12.7% year-on-year to $106.4m, but there was also a net $54.8m loss, or $0.87 per common share, and adjusted $36.8m earnings before interest, taxes, depreciation, and amortisation loss. Restaurant closures and a return to normal shopping habits hit the company’s sales hard. Wall Street drama and disappointing quarterly results plunged the long-term Beyond Meat stock forecast into doubt. If you have been following Beyond Meat share price news for some time now, you will know that it is a volatile stock, to say the least, especially around the time when results are being announced. Beyond also has a deal with KFC in China, where the R&D facility is expected to open in the first half of 2022 and augment the existing factory in Jiaxing, Beyond’s first such facility outside the US. The KFC roll-out has been more than two years coming, after test markets in 2019 in Atlanta, then Nashville, Charlotte and Southern California in 2020. The ink is dry on the lease for a research and development (R&D) centre in Shanghai. BYND starts 2022 with its plant-based Beyond Italian Sausage on Pizza Hut pizza, flatbread and pasta menus across Canada and Beyond Fried Chicken at KFC restaurants across the US. There is a lot to chew over with the Beyond Meat stock forecast right now. ![]()
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