Can Grocery Store Sales Save Beyond Meat From The Coronavirus?
Investors were not optimistic about Beyond Meat's (NASDAQ: BYND) chances heading into earnings day. One oft-repeated question: With the coronavirus pandemic shutting down so many restaurants, schools, and other foodservice providers, how would Beyond Meat fare, given that 51% of its sales come from selling plant-based meats to such establishments?
Answer: Actually, quite well.
Is it a hamburger, or is it Beyond Meat? Image source: Getty Images.
Source Fool.com
