The fake meat industry may be lacking teeth of late, but investors rewarded Beyond Meat Inc.'s stock on Thursday, promptly propelling it 16% in extended...
The fake-meat industry may be lacking teeth of late, but investors rewarded Beyond Meat Inc.’s stock on Thursday, promptly propelling it 16% in extended trading on better-than-expected quarterly results.
“Our... The fake-meat industry may be lacking teeth of late, but investors rewarded Beyond Meat Inc.’s stock on Thursday, promptly propelling it 16% in extended trading on better-than-expected quarterly results. “Our fourth-quarter results clearly demonstrate delivery against our strategy and plan, including solid sequential progress on margin recovery and operating expense reduction, and continued inventory drawdown,” Beyond Chief Executive Ethan Brown said in a statement announcing the numbers.
Beyond’s fiscal 2023 revenue guidance of $375 million to $415 million was roughly in line with the $391.4 million predicted by analysts polled by FactSet.
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