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Beyond Meat’s stock drops 11% as alt-protein titan records unsavory revenue outlook
date:Feb 28, 2022
ond Fried Chicken and an expanded pilot for McDonalds McPlant burger, made with the Beyond Burger plant-based patty.

However, despite these promising developments and plans to issue cuts on spending, the companys stock fell 11% in extended trading as its 2022 revenue outlook dropped.

Fourth quarter performance
Beyond Meats net revenues decreased 1.2% to US$100.7 million in the fourth quarter of 2021, compared to US$101.9 million in the year-ago period.

The companys fourth-quarter net loss of

12/21 08:23