“Some good news for a change!” Admin
Things are not looking good – at all – for Beyond Meat, which reported a wider-than-expected loss for its third quarter.
The company has been struggling for a while amid plummeting demand for fake meat products – it turns out most people want the real thing. (Related: Learn more about the rise and fall of Beyond Meat.)
Quarter over quarter, Beyond Meat’s losses have been compounding. And this latest quarter is no exception, though the company’s most recent losses were higher than analysts expected.
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