3 Takeaways From Beyond Meat's Q3 Earnings
Beyond Meat (NASDAQ: BYND) reported third-quarter earnings earlier this week which included an adjusted net loss per share of $0.28 on revenue of $94.4 million, well below consensus analyst estimates of $0.05 EPS on $132.4 million in revenue. The food producer attributed the weakness in the quarter to challenges at its foodservice business as COVID-19-related stay-at-home measures impacted product sales to restaurants, bars and pubs, and other recreation venues.
That's the overview of the third-quarter earnings report, released Nov. 9. Here's a more detailed dive into what stymied growth at Beyond Meat, including three takeaways and whether investors should expect growth to resume in the near term.
Image source: Beyond Meat.
Source Fool.com
