CEO defends Beyond Meat as shares tank: 'My focus is entirely on growing this business'

The CEO, who said he's not touching his shares, said he wants to build the business organically. "People have asked me, 'Do you want to do a partnership with a larger company?' I have no interest in that. I want to be that larger company."

Despite Tuesday's weakness and other bouts of recent selling, the stock was still up more than 230% since its IPO was priced at $25 per share. However, competitors are popping up as big food companies and traditional meat producers roll out their own versions of plant-based products. "The consumer is looking for something new from somebody new," Brown countered. "It's hard for an incumbent to focus as we do, to move as quick as we do."

Privately held Impossible Foods, a direct competitor in meatless burgers, began selling in grocery stores in September, with plans to continue making it available in more regions nationwide. Brown said he has not any diminished grocery sales or shelf space for Beyond Meat.before being added to restaurant menus, Impossible took a different route. New York's Momofuku Nishi, founded by celebrity chef David Chang, was the first business to sell the plant-based Impossible Burger in 2016.

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More like waiting for embargo to end to sell out.

How many shares is he selling today?

Here to invest 😉

Could be that the product just tastes like dogshit

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Here's what to expect from Beyond Meat earningsstoolpresidente hey davey day trader buy some puts
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

Beyond Meat stock falls despite earnings that show first profit in company historyBeyond Meat Inc. shares fell in after-hours trading Monday despite an earnings report that showed the company’s first quarterly profit in history. MathurineAgency hype and trends I'm straight on 😎 It’s chemicals.
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »

Stocks making the biggest moves after hours: Beyond Meat, GrubHub, Alphabet and moreSee which stocks are posting big moves after the bell on Monday. $TBI up 0.66% after hours I'm not trying it. God only knows what it does to you! It probably alters our own DNA! And besides, it's $8.99 a package. Ground turkey smells like dung but it 'supposedly' is better for the heart.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »