* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, October 11, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    THE VAMPIRE LESTAT Shares First Look Teaser Trailer (And It’s Fangtastic) – Yahoo

    THE VAMPIRE LESTAT Shares First Look Teaser Trailer (And It’s Fangtastic) – Yahoo

    The Live-Action Simpsons Movie That Was Supposed To Star Phil Hartman – Yahoo

    The Live-Action Simpsons Movie That Was Supposed To Star Phil Hartman – Yahoo

    The Best “Friends” Halloween Episodes That Blend Spooky And Silly In The Perfect Way – Yahoo

    The Best “Friends” Halloween Episodes That Blend Spooky And Silly In The Perfect Way – Yahoo

    MSG Entertainment Takes Radio City Music Hall Into the Future With Introduction of Sphere Immersive Sound – Business Wire

    MSG Entertainment Transforms Radio City Music Hall with Cutting-Edge Sphere Immersive Sound Experience

    Israel’s Entertainment Industry Is Being Targeted by the Left in Hollywood and the Right at Home – The Wall Street Journal

    Inside the Fierce Clash Shaping Israel’s Entertainment Industry: Hollywood vs. Local Voices

    Offset Is Ready To Finalize Divorce With Cardi B for a Major Reason – Yahoo

    Offset Poised to Finalize Divorce from Cardi B for a Major Reason

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Vicor Corporation: Great Technology, Execution Trapped In Time (NASDAQ:VICR) – Seeking Alpha

    Vicor Corporation: Innovative Technology Hindered by Lackluster Execution

    4J schools trying out new electronic hall pass technology – Lookout Eugene-Springfield

    4J Schools Unveils Cutting-Edge Electronic Hall Pass System to Transform Student Experience

    China outlines more controls on exports of rare earths and technology – fox40.com

    China Unveils Tougher Restrictions on Rare Earth and Technology Exports

    Wisconsin Dairy Leads the Way with Cutting-Edge Technology Systems

    ENERCON and Biome collaborate for wind turbine noise reduction technology – Yahoo Finance

    ENERCON and Biome Join Forces to Revolutionize Wind Turbine Noise Reduction

    US and investors gambling on unproven nuclear technology, warn experts – Financial Times

    US and investors gambling on unproven nuclear technology, warn experts – Financial Times

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    THE VAMPIRE LESTAT Shares First Look Teaser Trailer (And It’s Fangtastic) – Yahoo

    THE VAMPIRE LESTAT Shares First Look Teaser Trailer (And It’s Fangtastic) – Yahoo

    The Live-Action Simpsons Movie That Was Supposed To Star Phil Hartman – Yahoo

    The Live-Action Simpsons Movie That Was Supposed To Star Phil Hartman – Yahoo

    The Best “Friends” Halloween Episodes That Blend Spooky And Silly In The Perfect Way – Yahoo

    The Best “Friends” Halloween Episodes That Blend Spooky And Silly In The Perfect Way – Yahoo

    MSG Entertainment Takes Radio City Music Hall Into the Future With Introduction of Sphere Immersive Sound – Business Wire

    MSG Entertainment Transforms Radio City Music Hall with Cutting-Edge Sphere Immersive Sound Experience

    Israel’s Entertainment Industry Is Being Targeted by the Left in Hollywood and the Right at Home – The Wall Street Journal

    Inside the Fierce Clash Shaping Israel’s Entertainment Industry: Hollywood vs. Local Voices

    Offset Is Ready To Finalize Divorce With Cardi B for a Major Reason – Yahoo

    Offset Poised to Finalize Divorce from Cardi B for a Major Reason

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Vicor Corporation: Great Technology, Execution Trapped In Time (NASDAQ:VICR) – Seeking Alpha

    Vicor Corporation: Innovative Technology Hindered by Lackluster Execution

    4J schools trying out new electronic hall pass technology – Lookout Eugene-Springfield

    4J Schools Unveils Cutting-Edge Electronic Hall Pass System to Transform Student Experience

    China outlines more controls on exports of rare earths and technology – fox40.com

    China Unveils Tougher Restrictions on Rare Earth and Technology Exports

    Wisconsin Dairy Leads the Way with Cutting-Edge Technology Systems

    ENERCON and Biome collaborate for wind turbine noise reduction technology – Yahoo Finance

    ENERCON and Biome Join Forces to Revolutionize Wind Turbine Noise Reduction

    US and investors gambling on unproven nuclear technology, warn experts – Financial Times

    US and investors gambling on unproven nuclear technology, warn experts – Financial Times

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Entertainment

Beyond Meat turns to IV platform, SKU rationalization, pricing to improve margins in FY 2024

February 29, 2024
in Entertainment
Beyond Meat turns to IV platform, SKU rationalization, pricing to improve margins in FY 2024
Share on FacebookShare on Twitter

In the fourth quarter, ending Dec. 31, 2023, Beyond Meat’s net revenues came in at $73.7 million, decreasing 7.8% year-over-year. Gross profits also registered a loss of $83.9 million, declining 113.8% in gross margin, compared to a loss of $2.9 million and gross margin decline of 3.7% for the same period a year ago. Net loss was $155.1 million, or $2.40 per common share, compared to $66.9 million for the same period a year ago. 

For the full year, Beyond Meat’s net revenue was $343.4 million, a decrease of 18% year-over-year, and gross profit was a loss of $82.7 million, compared to a loss of $23.7 million for the previous year. The company also saw slightly less net losses for the year, coming at $338.1 million, compared to $366.1 million for the previous year. 

Beyond Meat also issued full-year guidance for 2024 and expects net revenues to come in between $315-345 million, and gross margin is expected to grow by mid-to-high teens. The company also expects the first quarter of 2024 net revenues to be between $70-75 million. 

On the quarterly earnings investors’ call, CEO and President Ethan Brown outlined a multi-pronged approach to achieve those 2024 numbers, including changes to its product assortment and additional operational cost reductions beyond recent layoffs.  

“Our 2024 plan includes taking steps to steeply reduce operating expense and cash use; pricing actions and the right-sizing of our production footprint, both in support of margin expansion; a years-in-the-making core platform renovation in Beyond IV that delivers superior health benefits and taste; and, following the announcement and initiation of our Global Operations Review, taking certain non-cash charges pertaining to inventory and assets that are no longer consistent with our path to profitability. We believe these sweeping changes, together with measures we plan to pursue this year to bolster our balance sheet, will strengthen our near-term operations as we pursue our vision of being the global protein company of the future,” Brown shared in a press release​.  

‘Iron sharpens iron:’ Beyond IV platform in, Beyond Jerky out

As part of its growth strategy, Beyond Meat is set to release the fourth generation of its Beyond Burger​ in March as part of what it calls the Beyond IV platform. The new product features avocado oil instead of coconut and canola oil, reduced sodium from 60% to 20%, and added an extra gram of protein through a combination of red lentil and fava bean proteins.

While it “is proud of the health benefits available through [its] current products,” Beyond Meat wanted to reinforce its nutritional proposition through the new burger at a time when the nutritional content of plant-based meat products have been questioned, Brown explained.

“We will be rolling out Beyond IV in US retail and view this renovation as an important and potentially transformative moment for our brand and category. Iron sharpens iron, and we’ve certainly experienced this ancient metaphor firsthand. Specifically, the current climate of misinformation and efforts by incumbents, including – sadly – pharmaceutical interests, to poison the plant based-meat well push us to accelerate gains in the health profile of our product platforms,” he said. “Our job is to deliver as much of the nutritional benefits of plant-based eating as we can in the familiar and satiating form and taste of meat.”

Among a series of cuts, Beyond Meat will also pare back its product portfolio by discontinuing its jerky product, which was a joint venture release with PepsiCo on what was supposed to be “the first of many plant-based protein innovations.”​

“We are … discontinuing our Beyond Meat jerky product line, despite its number one position in the plant-based jerky category. These refinements allow focus and resources to be put against our latest product platform innovation Beyond IV and other SKUs, which we believe have higher profitable growth potential here in the US and are consistent with my intention to focus more resources against key markets and customers in Europe.”

Price increases do “not reflect an abandonment of our long-sought price parity goal”

Beyond Meat is also cutting ts budget to the tune of $70 million in 2024 to further improve margins, Brown said. Over the last years, the company has reduced its co-manufacturers from 13 to one in North America, he added.

Like other brands facing margin challenges, Beyond Meat will also implement a series of price increases across its portfolio, which will roll out this summer. Additionally, the Beyond IV product, which has “an enhanced value proposition,” will be charged at a premium compared to other branded products, Brown explained.

“We’re implementing changes to our US trade and pricing programs affected in early Q2, though varied across channels or product lines. We expect the overall impact of these pricing changes to meaningfully impact margin across the balance of the year. This change in strategy does not reflect an abandonment of our long-sought price parity goal, which we in fact, achieved in certain very specific offerings.”

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : FoodNavigator – https://www.foodnavigator-usa.com/Article/2024/02/28/beyond-meat-turns-to-iv-platform-sku-rationalization-pricing-to-improve-margins-in-fy-2024?utm_source=RSS_Feed&utm_medium=RSS&utm_campaign=RSS

Tags: Beyondentertainmentturns
Previous Post

Could a plant-based diet prevent chronic diseases in women?

Next Post

It’s official: France outlaws ‘steak’, ‘sausage’ and ‘bacon’ terms for plant-based meat

England v Sri Lanka: Women’s Cricket World Cup – live – The Guardian

England v Sri Lanka: Women’s Cricket World Cup – live – The Guardian

October 11, 2025
Consumer sentiment sours as government shutdown threatens economic damage – ABC News – Breaking News, Latest News and Videos

Consumer sentiment sours as government shutdown threatens economic damage – ABC News – Breaking News, Latest News and Videos

October 11, 2025
THE VAMPIRE LESTAT Shares First Look Teaser Trailer (And It’s Fangtastic) – Yahoo

THE VAMPIRE LESTAT Shares First Look Teaser Trailer (And It’s Fangtastic) – Yahoo

October 11, 2025
KATJA RIDDERBUSCH, KFF Health News – Asheville Watchdog

KATJA RIDDERBUSCH, KFF Health News – Asheville Watchdog

October 11, 2025
Military spouse speaks out on losing pay next week – CNN

Military spouse speaks out on losing pay next week – CNN

October 11, 2025
China’s mega-projects pushing Tibet to “Extreme Ecological Stress”, warns Stockholm report ahead of COP30 – Phayul

China’s mega-projects pushing Tibet to “Extreme Ecological Stress”, warns Stockholm report ahead of COP30 – Phayul

October 11, 2025
Scientists discover powerful phenomenon that could impact this winter’s weather: ‘Cascading effects’ – Yahoo

Scientists discover powerful phenomenon that could impact this winter’s weather: ‘Cascading effects’ – Yahoo

October 11, 2025
UTPB’s STEAMfest is back for the 4th year – CBS7

UTPB’s STEAMfest Returns for an Exciting 4th Year Celebration

October 11, 2025
Fan-Favorite Seasonal Sprite Flavor Is Back – Yahoo

Fan-Favorite Seasonal Sprite Flavor Is Back – Yahoo

October 11, 2025
Vicor Corporation: Great Technology, Execution Trapped In Time (NASDAQ:VICR) – Seeking Alpha

Vicor Corporation: Innovative Technology Hindered by Lackluster Execution

October 11, 2025

Categories

Archives

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (862)
  • Economy (883)
  • Entertainment (21,756)
  • General (17,533)
  • Health (9,925)
  • Lifestyle (895)
  • News (22,149)
  • People (883)
  • Politics (893)
  • Science (16,093)
  • Sports (21,383)
  • Technology (15,863)
  • World (866)

Recent News

England v Sri Lanka: Women’s Cricket World Cup – live – The Guardian

England v Sri Lanka: Women’s Cricket World Cup – live – The Guardian

October 11, 2025
Consumer sentiment sours as government shutdown threatens economic damage – ABC News – Breaking News, Latest News and Videos

Consumer sentiment sours as government shutdown threatens economic damage – ABC News – Breaking News, Latest News and Videos

October 11, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version