Better Buy: Beyond Meat vs. Darden Restaurants
Walmart enabled it to reach more mainstream consumers. In the first nine months of 2020, its revenue grew 53% year-over-year to $105.4 million. Its U.S. and international retail sales more than doubled as shoppers stocked up, but its foodservice sales slowed to a crawl in the U.S. and dropped by the double digits internationally. In other words, shoppers still bought Beyond Meat products at supermarkets, but that growth was partly offset by the closures of restaurants and other on-premise businesses. Its net loss narrowed last year, but widened year-over-year from $12 million to $27.7 million...
Source: fool.com