The meat specialist is a favorite of Wall Street. And Beyond Meat continues to grow: Its sales increased in the year-on-year by almost four times. Such a rapid growth has, however, also follow.
Beyond Meat manufactures meat alternatives are plant-based – without any animal ingredients. And, above all, to the vegan Burger, the California-based Start-Ups is a raging right-wing Hype. In fact, in 2009, the El Segundo based company is growing rapidly and in early may the best time of the IPO of the Millennium to be: At the end of the first trading day, the share price had risen by 150 percent. In the meantime, you were around nine times over the issue price of 25 dollars.
The recent quarter would have to pay first, no reversal of the trend to recognize, rather, on the contrary, In the second quarter of the year, sales increased year on year by a whopping 287 percent to 67.3 million dollars – far more than analysts had expected.
Also, sausages are part of the range of the Californians
Nevertheless, the company can earn with your business model yet, no money. The loss increased by about one-quarter to 9.4 million dollars, but the special effects adjusted operating result before interest, taxes, depreciation and amortization has already made it into the black Numbers. This measure is respected by financial professionals, mostly anyway – and here it was thanks to significantly increased profit margins, for a Plus of 6.9 million dollars. Nevertheless, the stock plummeted.
Beyon Meat needs for this pace of growth more money and wants to take more shares on the market. This capital increase has only scared of three months after the IPO, many investors and the share after the end of the regular trade by more than twelve per cent, down sent. Experts do, however, profit-taking for the losses is partly responsible.
rb/se (dpa, rtr)