Beyond Meat’s forecast disappoints Wall Street
February 25, 2022
Beyond Meat expects to generate sales between $560 million and $620 million this year. That falls short of the $637.3 million expected by analysts. The company is coming off a 2021 in which plant-based meat category sales fell 0.4 percent. “We experienced intense increased competition during the period when the size of the prize did not expand,” said Ethan Brown, Beyond Meat CEO.
Recent News
European Commission Readies All Trade Tools Against China
European Commission President Ursula von der Leyen emphasized the EU’s readiness to utilize all available trade tools to safeguard its economies amidst concerns over China’s market practices.
Steward Health Care Files for Bankruptcy Protection
Steward Health Care’s plunge into bankruptcy protection has stirred considerable attention and concern.
Tyson Foods Faces Challenges Amidst Rising Inflation
Tyson Foods Inc. recently saw a significant drop in its shares due to ongoing inflation impacting consumer demand.
Special Offers for National Nurses Week
Nurses play a vital role in healthcare, and their dedication often goes unnoticed. National Nurses Week, spanning from May 6 to 12, aims to acknowledge their hard work.