Should Investors Be Concerned About Beyond Meat's Loss of Market Share?
Beyond Meat(BYND) The Motley Fool·2024-04-15 08:00
Progress may be more challenging for the company than some investors realize.Beyond Meat (BYND -3.91%) went from new industry darling to beaten-down stock over the past few years, and its shares are down a staggering 97% from the high they set soon after the 2019 IPO.The company has been reporting quarter after quarter of declining sales and steep losses, but investors cheered its fourth-quarter earnings report, sending the stock as much as 60% higher. Those gains were short-lived, however, and Beyond Meat ...