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0.000699790062981091 0 -0.000699790062981091 -0.00491252624212735 -0.00559832050384885 0.000699790062981091 -0.00559832050384885 -0.0090972708187543
Stock impact report

Why Beyond Meat Stock Was Sliding Today [Yahoo! Finance]

Beyond Meat, Inc. - Common stock (BYND) 
Last beyond meat, inc. - common stock earnings: 2/27 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Beyond Meat's revenue continued to decline, and it reported another wide loss on the bottom line. As a result, the stock was down 13.8% as of 9:41 a.m. ET. Beyond Meat is still shrinking The alternative meat company has been struggling for years now as it seems to have saturated the market for plant-based meat, and consumer interest has faded. Those trends continued in the first quarter as revenue fell 18% to $75.6 million, which was slightly ahead of estimates at $75.2 million. The company said it faced a difficult comparison with a large order from McDonald's in the year-ago quarter. U.S. revenue was down 16% to $49.4 million, while international revenue dropped 21.5% to $26.2 million. The company has been focused on cutting costs to take steps to profitability, and it delivered a positive gross profit in the quarter of $3.7 million, though that was down from $6.2 million in the quarter a year ago. Its adjusted earnings before interest, taxes, depreciation, and amorti Show less Read more
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