EL SEGUNDO, Calif., Feb. 27, 2024 (GLOBE NEWSWIRE) Beyond Meat, Inc. (NASDAQ: BYND) (“Beyond Meat” or “the Company”), a leader in plant-based meat, today reported financial results for its
The plant-based meat substitute maker's stock is heavily shorted, which likely magnified its upward price move following the release of the fourth-quarter 2023 report.
After seven consecutive quarters of revenue declines, Beyond Meat executives say they hope to turn the corner in 2024 with new product innovations, SKU rationalization, and price increases, but the company's fourth quarter and full-year results show more obstacles for the plant-based leader.
After seven consecutive quarters of revenue declines, Beyond Meat executives say they hope to turn the corner in 2024 with new product innovations, SKU rationalization, and price increases, but the company's fourth quarter and full-year results show more obstacles for the plant-based leader.