Why Is Beyond Meat (BYND) Stock Up 62% Today?

Beyond Meat (NASDAQ:BYND) stock is on the rise Wednesday following the release of the plant-based meat alternative company’s earnings report for the fourth quarter of 2023.That earnings report includes revenue of $73.7 million for Q4 2023. That’s better than the $67.92 million in revenue that Wall Street was expecting for the quarter. Even if it’s down 7.8% year-over-year from $79.94 million.Beyond Meat notes that its revenue beat is thanks to increased international sales even as demand in the U.S. weakens ...