Consumer
Beyond Meat Soars More Than 100% on Strong International Sales
- US sales declined during the fourth quarter despite discounts
- Operational spending was slashed substantially in 2023
Beyond Meat plant-based burger patties.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Beyond Meat Inc. surged as much as 106% in late trading after it reported fourth-quarter sales that surpassed expectations.
Revenue of $73.7 million was above the average analyst estimate of $66.8 million compiled by Bloomberg. Sales in both the US and international channels beat expectations.