Beyond Meat Gets Ground Up in Q1, Offers Hope for Q2
Beyond Meat (NASDAQ: BYND) failed to live up to Wall Street's more optimistic first-quarter earnings forecasts, falling short on revenue and badly missing the mark on adjusted profits.
The plant-based meat alternative is still confronting the drag of the global pandemic on foodservice sales, while also going up against some tough comparables from last year when revenue soared 141%, though management says there may be a light at the end of the tunnel.
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Source Fool.com
