Beyond Meat Says Believes Net Revenues In Q3 Were Primarily Impacted By Weaker Than Expected Sales Volumes In U.S. Retail And U.S. Foodservice Channels; Q3 Net Revenues Are Expected To Be ~$75M
Portfolio Pulse from Benzinga Newsdesk
Beyond Meat expects its Q3 net revenues to be around $75M, primarily due to weaker than expected sales volumes in U.S. retail and U.S. foodservice channels.
November 02, 2023 | 12:42 pm
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Beyond Meat's Q3 net revenues are expected to be lower than anticipated due to weaker sales in U.S. retail and foodservice channels.
Beyond Meat's Q3 revenues are expected to be lower than anticipated, primarily due to weaker sales in U.S. retail and foodservice channels. This could negatively impact the company's stock price in the short term as it indicates a slowdown in sales and potential market saturation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100