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Beyond Meat report
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<blockquote data-quote="Jeanne - Simme Valley" data-source="post: 1827003" data-attributes="member: 968"><p>Beyond Meat continues to struggle in waning US market</p><p><strong>The company posted wider-than-expected losses</strong></p><p><img src="https://www.thebeefsite.com/assets/svg/feathericons/calendar.svg" alt="calendar icon" class="fr-fic fr-dii fr-draggable " style="" />11 November 2023</p><p><img src="https://www.thebeefsite.com/assets/svg/feathericons/clock.svg" alt="clock icon" class="fr-fic fr-dii fr-draggable " style="" />2 minute read</p><p><img src="https://www.thebeefsite.com/assets/svg/feathericons/user.svg" alt="" class="fr-fic fr-dii fr-draggable " style="" /> By: <a href="https://www.thebeefsite.com/contributors/global-ag-media-2" target="_blank">Global Ag Media</a></p><p><a href="https://www.thebeefsite.com/country/north-america" target="_blank">North America</a></p><p></p><p>Beyond Meat missed market expectations for quarterly revenue and posted a wider-than-expected loss on Wednesday, hurt by relentless weakness in demand for plant-based meat in the United States, reported Reuters.</p><p></p><p>The company has been offering steeper discounts, as consumer sentiment about plant-based meat and its health benefits took a beating.</p><p></p><p>In a post-earnings call, Beyond Meat executives said the percentage of people in the US who believe plant-based meats are healthy is likely to have dropped further this year, after falling 38% in 2022 from 50% in 2020, as per data from trade association Food Marketing Institute.</p><p></p><p>For rest of article: <a href="https://www.thebeefsite.com/news/beyond-meat-continues-to-struggle-in-waning-us-market" target="_blank">https://www.thebeefsite.com/news/beyond-meat-continues-to-struggle-in-waning-us-market</a></p></blockquote><p></p>
[QUOTE="Jeanne - Simme Valley, post: 1827003, member: 968"] Beyond Meat continues to struggle in waning US market [B]The company posted wider-than-expected losses[/B] [IMG alt="calendar icon"]https://www.thebeefsite.com/assets/svg/feathericons/calendar.svg[/IMG]11 November 2023 [IMG alt="clock icon"]https://www.thebeefsite.com/assets/svg/feathericons/clock.svg[/IMG]2 minute read [IMG]https://www.thebeefsite.com/assets/svg/feathericons/user.svg[/IMG] By: [URL='https://www.thebeefsite.com/contributors/global-ag-media-2']Global Ag Media[/URL] [URL='https://www.thebeefsite.com/country/north-america']North America[/URL] Beyond Meat missed market expectations for quarterly revenue and posted a wider-than-expected loss on Wednesday, hurt by relentless weakness in demand for plant-based meat in the United States, reported Reuters. The company has been offering steeper discounts, as consumer sentiment about plant-based meat and its health benefits took a beating. In a post-earnings call, Beyond Meat executives said the percentage of people in the US who believe plant-based meats are healthy is likely to have dropped further this year, after falling 38% in 2022 from 50% in 2020, as per data from trade association Food Marketing Institute. For rest of article: [URL]https://www.thebeefsite.com/news/beyond-meat-continues-to-struggle-in-waning-us-market[/URL] [/QUOTE]
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