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Beyond Meat tops quarterly revenue estimates, plans 'steep' cost cuts in 2024

About 40% of the company's shares were short at the end of January, as per LSEG data. To counter weak demand in the United States, Beyond Meat, which supplies its plant-based meat patties to fast food chains such as McDonald's and Yum! Faux meat is pricier than traditional meat — a factor that has discouraged budget-conscious consumers in the U.S. from opting for the former in recent times. ....

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