Beyond Meat Sees Weak Annual Revenue, Posts Wider-Than-Expected Quarterly Loss

Beyond Meat (BYND.O) forecast annual revenue below estimates after posting a wider-than-expected loss, as the faux meat products maker faces persistent demand weakness, sending its shares down 6% in extended trading.

Beyond Meat has been losing the steam it garnered a few years ago as consumers began shifting to fresh and lower-priced animal meat alternatives over its processed vegan meat.

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