BYND - Beyond Meat Stock Is Soaring Wednesday: What's Going On? | Benzinga
Beyond Meat Inc (NASDAQ:BYND) shares are trading higher Wednesday on the heels of the company’s fourth-quarter financial results.
What Happened: Beyond Meat’s fourth-quarter revenues decreased 7.8% year-over-year to $73.7 million, which beat consensus estimates of $66.66 million, per Benzinga Pro. The plant-based meat company reported a fourth-quarter loss of $2.40 per share, which missed analyst estimates for a loss of 88 cents per share.
U.S. retail channel net revenues decreased 22.6% and U.S. foodservice channel net revenues decreased 25.9%. International retail channel net revenues increased 22.1% and international foodservice ...