Thoughts Following Virtual NDR with Beyond Meat
- January 7, 2021
Oppenheimer analysts recently spent time virtually with senior management of Beyond including Founder, President and CEO Ethan Brown; CFO and Treasurer Mark Nelson; and VP, FP&A and IR Lubi Kutua. The company does not comment on business trends intra-quarter.
Our analysts overall walked away incrementally more bullish on Beyond's longer-term prospects. Our team believes the company is increasingly well positioned to garner more than its fair share of the plant-based meat category at both retail and foodservice in coming quarters.
Commentary suggests a still long runway for growth at retail with new distribution and an expanding portfolio of products. On the foodservice front, the potential for a stronger rebound next year combined with likely new Quick-Service Restaurant (QSR) wins suggests a brighter outlook. Our analysts include their key takeaways inside.
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