Beyond Meat surges 70% in extended trading: What's behind BYND stock rally?
Beyond Meat(BYND) Finbold·2024-02-28 18:22
At first glance, the fourth quarter earnings report published late on February 27 by the plant-based foods company Beyond Meat (NASDAQ: BYND) is nothing to write home about. BYND not only continued its long-standing trend of diminishing in terms of sales volume – in stores despite the promotion discounts and in restaurants as promotions ended – and revenue but also unveiled losses per share far more significant than the analysts were forecasting.The $155 million in net losses ultimately amounted to a per-sh ...