Companies
Shares in Beyond Meat fall after backing away from cash-flow target
The company reported second-quarter revenue of $102 million
Shares in Beyond Meat fell late on Monday evening in the United States after the company said it’s unlikely to become cash-flow positive in the second half of 2023.
The plant-based burger company also trimmed its sales outlook.
The company and its plant-based peers have experienced declining sales as consumers lose interest in the products amid high prices and questions over the products’ taste, texture and health benefits.
Beyond Meat has burned through cash in ...
