3 Reasons Beyond Meat Is Struggling to Go Beyond IPO
Plant-based food company Beyond Meat (NASDAQ: BYND) offered up a tasty profit in the third quarter, besting analysts' expectations for earnings and revenue. Beyond reported net income for the quarter of $4.1 million or 6 cents per share, up from a loss of $9.3 million, or $1.45 per share, a year earlier. Total sales soared 250% to $92 million, and its revenue has more than tripled from last year.
Sounds as rosy as the new marbling on its Beyond Burgers, right? So why did its shares sink 20%?
Image Source: Beyond Meat
Source Fool.com
