Beyond Meat Stock Drops After Q1 Earnings — Here's Why - Beyond Meat (NASDAQ:BYND)
The plant-based meat maker posted a 19.5% drop in sales volume and forecast second-quarter revenue below Wall Street estimates.
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9 Articles
Recuto was driven mainly by a 19.5% reduction in the volume of products sold
Beyond Meat prepares for drinks launch as losses begin to slow
Beyond Meat continues to see falling sales. These are concentrated in foodservice, where losses are profound both in the US and internationally. In retail, however, it has seen very modest sales increases on an international basis. The company is pushing forward with is repositioning as a plant-protein company, planning to launch its drink, Beyond Immerse, this summer.
Beyond Meat’s sales recovery still elusive as another decline predicted
Beyond Meat is forecasting another fall in sales in the second quarter after booking a 15% drop in the opening three months of the year.The post Beyond Meat’s sales recovery still elusive as another decline predicted appeared first on Just Food.
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