How Beyond Meat's Losses Hit 92% of Sales
Investors were bracing for bad news from Beyond Meat (NASDAQ: BYND) in its first-quarter earnings report. The plant-based meat specialist posted surprisingly weak demand in each of its last two earnings reports, and several signs were pointing to a tougher fiscal year ahead on both the sales and earnings fronts.
The company didn't ease those concerns with its latest announcement. While Beyond Meat is back to growing in the core retailing niche, losses are ballooning, and demand isn't being lifted much by its latest product launches. While the stock soared with the market last Friday, it's still down some 70% over the past year. Let's dive right in.
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Source Fool.com
