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. Beyond Meat Shares Drop as Losses Widen

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