Beyond Meat's Stock Plummets, Q1 Guidance Grim
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Beyond Meats stock plummeted, hitting rock bottom, as they missed their annual report deadline due to inventory accounting errors. Fourth-quarter earnings showed a nineteen percent revenue drop, shrunken gross profit, and a massive EBITDA loss. Despite their breakfast sandwichs return to Starbucks in the U.K., first-quarter revenue guidance predicts another fifteen percent drop, leaving little hope for a quick recovery.
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