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Beyond Meat outlook cautious due to Delta variant, shares fall

Beyond Meat outlook cautious due to Delta variant, shares fall
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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Beyond Meat slumps as sales projection falls short of estimates

Beyond Meat slumps as sales projection falls short of estimates
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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Beyond Meat loss exceeds forecasts on higher costs, slow restaurant sales

Beyond Meat loss exceeds forecasts on higher costs, slow restaurant sales
By Nivedita Balu and Hilary Russ
Reuters
(Reuters) - Beyond Meat Inc on Thursday reported a wider quarterly loss than expected, as the plant-based meat maker incurred higher freight costs, spent heavily on testing new product launches, and sold less to pandemic-hit restaurants.
Shares of the California-based company fell nearly 7% in extended trading.
The company, which sells faux meat in over 100,000 outlets worldwide, last year benefited from consumers stockpiling their freezers with bulk packages of its "burgers" during stay-at-home orders across the United States.
However, sales to restaurants took a hit as many closed. Chief Executive Officer Ethan Brown said during a call with analysts that he was seeing a "slow thaw" of that trend.

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Beyond Meat telling customers faux chicken is coming this summer

Beyond Meat telling customers faux chicken is coming this summer
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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Beyond Meat Stock Gyrates on Sales Miss, McDonald's Pact

Beyond Meat Stock Gyrates on Sales Miss, McDonald’s Pact
Bloomberg
2/25/2021
Deena Shanker and Leslie Patton
(Bloomberg) -- Beyond Meat Inc. shares gyrated sharply in after-market trading on Thursday as agreements with McDonald’s Corp. and Yum! Brands Inc. -- two of the largest fast-food companies in the world -- were offset by sales that missed expectations.
The stock sank 3.3% at 5:21 p.m. in New York. Competing news releases from the faux meat maker whipsawed the shares, with lackluster sales first sending them down as much as 11%, before news of the partnerships with Yum and McDonald’s caused a sharp reversal.

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Beyond Meat Stock Gyrates on Sales Miss, McDonald's Pact

Beyond Meat Stock Gyrates on Sales Miss, McDonald's Pact
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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