Beyond Meat raises sales forecast despite competition

Beyond Meat raises sales forecast despite competition

Beyond Meat Inc reported its first-ever net profit and raised its full-year sales forecast, but shares tumbled 6.5% in extended trading as the vegan burger maker said it would need to offer more store discounts as competition heats up. The company showed a profit of 6 cents a share and revenue of $92 million, while Wall Street was expecting only 3 cents a share and a revenue of $82.2 million.

Tin Ego
Tin Ego 5 months

If I wanted not to eat meat I would eat vegetables. I guess it’s like synthetic fur convincing from a distance but holding few of the qualities lol

Miles O'Brien
Miles O'Brien 5 months

This why the stock market is shouldn't be used as a measure of anything. It's all just manipulation to benefit the 1%.

John W
John W 5 months

unprocessed, real food is better for you. the more stuff runs though factories the more chemicals it picks up.

Petri Fide
Petri Fide 5 months

I blame South Park and Tegridy vegan burgers 'They taste like sh*t'

Tsila Noitan (Backer)
Tsila Noitan (Backer) 5 months

beyond palatable

IvoryDove 5 months

My wife ordered a "BM burger" yesterday because she wanted to "eat healthy". I casually observed that the calorie declaration on the order board for the BM burger was almost 10% higher than the meat alternative. That's the last time she'll order one.

Crimson Jester
Crimson Jester 5 months This fits here, so well.

The Dragon
The Dragon 5 months

I'm not eatting that plastic crap 😂

Crimson Jester
Crimson Jester 5 months

I'm curious. what does it actually taste like? what's the health benefits, or lack thereof from eating it? what's the cost? is it cheaper than beef? If so by how much? Since this is for the planet, what is the factual carbon footprint of a large scale production? Or is this going to be a case of unexpected consequences

Top in Business
Get the App