Beyond Meat tumbled nearly 13% in morning trading on sales decline, widening loss and weak guidance.
The company (BYND)reported a fiscal fourth-quarter net loss of $80.4 million, or $1.27 a share, compared with a net loss of $25.1 million, or 40 cents a share, in the year-ago quarter. The adjusted net loss was $21.4 million, or 34 cents a share.
Beyond Meat's revenue outlook for 2022 fell short of Wall Street's expectations. Beyond is forecasting revenue of between $560 million and $620 million.
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