3 Reasons to Avoid Beyond Meat Stock Like the Plague
Don't look now, but Wall Street is starting to warm up to Beyond Meat (NASDAQ: BYND) stock again. The plant-based meat specialist's shares rallied after its late-February earnings update and are now up about 10% year to date, outpacing the 8% gain of the S&P 500.
The company will still likely disappoint long-term investors. The business isn't on a clear path toward steady sales growth and is generating big losses. Here's why you'll want to avoid Beyond Meat stock for now.
A lot of the current demand slump has been driven by factors outside of Beyond Meat's control. The plant-based protein industry has been shrinking in the post-pandemic period as shoppers haven't been as willing to pay a premium for these products due to high inflation.
Source Fool.com
