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Beyond Meat, Inc. (BYND) CEO Ethan Brown on Q1 2020 Results - Earnings Call Transcript

May 05, 2020 11:41 PM ETBeyond Meat, Inc. (BYND)18 Comments
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Beyond Meat, Inc. (NASDAQ:BYND) Q1 2020 Earnings Conference Call May 5, 2020 4:30 PM ET

Company Participants

Lubi Kutua - Investor Relations

Ethan Brown - Founder, President & Chief Executive Officer

Mark Nelson - Chief Financial Officer & Treasurer

Conference Call Participants

Ben Theurer - Barclays

Erica Eiler - Oppenheimer

Steve Strycula - UBS

Ken Goldman - JPMorgan

Alexia Howard - Bernstein

Robert Moskow - Credit Suisse

Brian Holland - D.A. Davidson

Adam Samuelson - Goldman Sachs

Rob Dickerson - Jefferies

John Baumgartner - Wells Fargo

Michael Lavery - Piper Sandler

Jon Andersen - William Blair


Ladies and gentlemen, thank you for standing by, and welcome to the Beyond Meat Inc. 2020 First Quarter Conference Call. At this time, all participants’ lines are in a listen-only mode. After the speaker’s presentation, there will be a question-and-answer session. [Operator Instructions]

I would now like to introduce your host for today's conference call Lubi Kutua. You may begin.

Lubi Kutua

Thank you. Good afternoon, and welcome to Beyond Meat's first quarter 2020 earnings conference call and webcast. On today's call are Ethan Brown, Founder, President and Chief Executive Officer; and Mark Nelson, Chief Financial Officer and Treasurer.

By now everyone should have access to the company's first quarter earnings press release and investor presentation filed today after market close. These documents are available on the Investor Relations section of Beyond Meat's website at www.beyondmeat.com.

Before we begin, please note that all the financial information presented on today's call is unaudited, and during the course of this call, management may make forward-looking statements within the meaning of the Federal Securities Laws. These statements are based on management's current expectations and beliefs and involve risks and uncertainties that could cause actual results to differ materially from those described in these forward-looking statements.


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Comments (18)

Listened to the entire conference call. Its seems competition is forcing price reductions to me.

Did anyone else read it that way or was there another reason prices were declining ?

$ 116.50 is the new bottom. Safe to buy there.
$ 117.50 is the new bottom. Safe to buy there.
Lots of analyst activity today. Interesting SA has not posted any of it.
lol...to many shorts.

Missed the top but got $ 115.50 so no complaints.

To many downgrades today...I'll wait for re-entry now
CO2 profile picture
you do know UBS ratings are crony and irrelevant?
i wonder what Jared Kushner thinks about the stock, lol

All have targets posted today
BYND is a story stock. If you BELIEVE just buy !!
I believe. Just took profits $ 111.50
I think you called it correctly. If you like stories buy....If stocks are an investment for you its expensive.
CO2 profile picture
I believe you just missed the squeeze...
Ignore the people who say the stock is now to expensive.

Just buy !!!
Meat will be a luxury in the future. Good train to be on.
CO2 profile picture
bloody animal meat = luxury?
Yes, if you mean going the way of the luxurious fur coat.

I'm very happy to be riding the plant-based protein train
The growth trajectory for this company is simply phenomenal. There is a reason the stock was double the price it is now less than one year ago. The people who miss out on this one are likely the same ones who missed GOOGLE, NETFLIX and AMAZONS amazing ascents.
Wikeman profile picture
I like the business idea and the growth of this company!
The price is just crazy though!
I was not expecting such robust results.
I will use this 5% increase in its price to exit the stock as I expect it to fall back to the $ 70 level soon.
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