Beyond Meat shares drop 17% on poor quarter, weak outlook

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The company's stock was initially pummeled more than 17% in extended trading Wednesday after it reported a fiscal third-quarter net loss of $54.8 million, or...

There’s no pretty way of putting it: Beyond Meat Inc.’s quarterly results could be described as dead meat.

“Our third-quarter results reflect variability as we saw a decline from record net revenues just a quarter ago,” Beyond Meat Chief Executive Ethan Brown said in a statement announcing the results. “Near-term market and operating conditions notwithstanding, we remain committed to our long-term strategy.”

Investors had been bracing for the results. Company shares recently dipped below $100 and skidded to a 52-week low in trading Oct. 22 after Beyond warned of lower third-quarter revenue than previously forecast.

 

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No body wants that bland Let’s go Brandon, more long farts and inflation please

Flop sweat

that impulsive break was wat I was looking for likely $BTC closes positive on d weekly from here but continuation in the 45's would be lovely I’ve be following CointradeCrypto posts and predictions on his telegram channel seriously and I’ve been holding firmly, he’s an underrat

everybody finally read the ingredient list?

…horrible flavor.

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