Retail

Beyond Meat (BYND) Q1 earnings miss

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Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale on November 15, 2019 in New York City.

Angela Weiss | AFP | Getty Images

Beyond Meat on Thursday reported a wider-than-expected loss in the first quarter as restaurant customers take longer to return and grocery shoppers aren’t stockpiling its meat substitutes anymore.

However, CEO Ethan Brown said the company is seeing a “slow thaw” in its food service segment in the United States and some international markets, prompting the company to issue a revenue forecast for the next quarter.

Shares of the company fell 6.7% in extended trading.

Here’s what the company reported compared with…



Source cnbc.com

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