U.S. grocery sales of Beyond Meat dropped nearly 20% in the three months ended Dec. 31. Photo: Steve Helber/Associated Press Beyond Meat Inc . shares dropped Friday after the plant-based meat alternative maker reported a bigger-than-anticipated quarterly loss and a sharp decline in U.S. grocery sales. The California-based company […]
Click here to view original web page at www.wsj.com
U.S. grocery sales of Beyond Meat dropped nearly 20% in the three months ended Dec. 31.
Photo: Steve Helber/Associated PressBeyond Meat Inc . shares dropped Friday after the plant-based meat alternative maker reported a bigger-than-anticipated quarterly loss and a sharp decline in U.S. grocery sales.
The California-based company late Thursday reported an $80.4 million net loss for the three months ended Dec. 31, saying weaker demand for its products in U.S. supermarkets compared to year-ago levels more than offset higher revenues from the company’s international and U.S. food-service business.
