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 or promotions as competition heats up.
Shares of Beyond Meat Inc fell nearly 20% on Friday after it narrowly failed to make a profit in the fourth quarter despite tripling sales, eating into expectations am...
Margins should not be a key investment consideration at this juncture.
The stock is moving on the pace of the competitive landscape around Beyond Meat. Whether that’s restaurants using rivals’ products or retailers stocking them up.