Beyond Meat, a company that makes plant-based meat, isn't doing so well. They lost more money than expected and their sales are down. This is happening because people are buying less plant-based meat.
- Beyond Meat's sales are lower than predicted.
- They're cutting jobs and closing some parts of their business in China.
- The company hopes to make a profit by 2026.
- People seem to prefer cheaper, tastier meat, even regular meat.
| Fact | Number |
|---|---|
| Stock price drop | 6% |
| Expected revenue (millions) | $320-$335 |
| Analyst's expected revenue (millions) | $337.6 |
| Job cuts (percentage of non-production workforce) | 17% |
