Why Beyond Meat Soared 29% in May
Beyond Meat (NASDAQ: BYND) saw its shares surge 29% in May, according to data provided by S&P Global Market Intelligence. This rise came after the plant-based food company reported a sparkling set of earnings for the first quarter of 2020, with revenue soaring 141% year over year to $97.1 million, along with net income of $1.8 million.
The surge in May takes Beyond Meat's shares up nearly 70% year to date, and the company looks poised to post more growth ahead, despite the disruptions caused by the COVID-19 pandemic.
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Source Fool.com