Shares of Beyond Meat (BYND) are flying high Wednesday morning following the company's fourth-quarter earnings call, where it outlined plans to reduce expenses and turn profitable. The plant-based meat producer aims to cut costs significantly in 2024 through pricing actions, new product launches, and expense discipline — seemingly boosting investor confidence in the stock. Yahoo Finance's executive editor Brian Sozzi breaks down the details of Co-founder and CEO Ethan Brown's comments made in the earnings call. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
Urban Outfitters (URBN) shares fall in after-hours trading after missing fourth-quarter earnings estimates on the bottom line. Bumble (BMBL) stock moves lower after missing on fourth-quarter revenue and first-quarter outlook estimates. Beyond Meat (BYND) skyrockets after topping fourth-quarter revenue expectations. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
Plant-based foods maker Beyond Meat plans to increase profit margins both by reducing costs and raising prices.