Beyond Meat Shares Drop as Losses Widen

Besides meat reported a larger-than-expected loss for the recently ended quarter on higher spending, sending the alternative meat maker’s stock lower in after-hours trading.

Beyond Meat CEO Ethan Brown said the cost-saving measures the company has taken to support strategic launches have weighed on its bottom line. “We recognize that the decisions we are making today to support our long-term ambitions have contributed to difficult short-term results,” he said.

https://www.wsj.com/articles/beyond-meat-shares-drop-as-losses-widen-11652309241?mod=pls_whats_news_us_business_f Beyond Meat Shares Drop as Losses Widen

Edmund DeMarche

USTimesPost.com is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@ustimespost.com. The content will be deleted within 24 hours.

Related Articles

Back to top button