3 Reasons to Avoid Beyond Meat Stock
Beyond Meat (NASDAQ: BYND) sells meatless products that can appeal to consumers looking for alternative food options. However, despite promising demand, the business has struggled, and shares of the company have been crashing of late. There are many plant-based products for consumers to choose from, and Beyond Meat's high-priced products simply haven't been winning people over.
This is a business that today is facing significant challenges. Here are three reasons why I would stay away from Beyond Meat's stock.
Beyond Meat released its third-quarter earnings results earlier this month (period ended Oct. 1), where net revenue was just $82.5 million. That's a steep decline from the $147 million that it reported just three months earlier and the lowest the top line has been in years.
Source Fool.com
