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Beyond Meat Stumbles
Description
Beyond Meat missed Q4 estimates with a $0.29 adjusted loss vs. $0.13 expected, and $61.59M revenue vs. $62.57M estimate — down 19.7% YoY. Volume fell 22.4% amid weak QSR demand, and operating loss ballooned to $132.7M from $37.8M. Q1 guidance of $57–59M came in below expectations. Shares rose 4.89% to $0.63 in premarket.
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