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Beyond Meat Shares Slumped after Forecasting Subdued Quarterly Sales As Demand Remains Weak

Nov 10 (Reuters) - Beyond Meat BYND.O posted a bigger quarterly loss and forecast fourth-quarter sales below Wall Street estimates on Monday, as the plant-based meat maker grappled with sluggish...

Beyond Meat Shares Slumped after Forecasting Subdued Quarterly Sales As Demand Remains Weak

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Guavaxf30
·11-14
Looks like the big players are pulling the rug from under the memers right now.
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These are meme stocks! Regitti, Strategy, etc.&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p>Is this any wonder? These are meme stocks! Regitti, Strategy, etc.&nbsp;</p></body></html>","text":"Is this any wonder? These are meme stocks! Regitti, Strategy, etc.","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/498892670005536","repostId":2582389428,"repostType":2,"repost":{"id":"2582389428","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1762824417,"share":"https://ttm.financial/m/news/2582389428?lang=en_US&edition=full_marsco","pubTime":"2025-11-11 09:26","market":"us","language":"en","title":"Beyond Meat Shares Slumped after Forecasting Subdued Quarterly Sales As Demand Remains Weak","url":"https://stock-news.laohu8.com/highlight/detail?id=2582389428","media":"Reuters","summary":"Nov 10 (Reuters) - Beyond Meat BYND.O posted a bigger quarterly loss and forecast fourth-quarter sales below Wall Street estimates on Monday, as the plant-based meat maker grappled with sluggish...","content":"<html><head></head><body><p>Nov 10 (Reuters) - Beyond Meat BYND.O posted a bigger quarterly loss and forecast fourth-quarter sales below Wall Street estimates on Monday, as the plant-based meat maker grappled with sluggish demand for its products.</p><p>Beyond Meat shares slumped 7% in overnight trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/280fe54a645f4e0206664be723adc665\" tg-width=\"843\" tg-height=\"837\"/></p><p>The highly shorted stock was down 8% in extended trading. The shares had soared more than 1,350% over a span of three days in late October, reviving memories of the meme stock frenzy on Wall Street.</p><p>The faux-meat producer has faced waning demand after an early boom, as inflation-weary consumers turned away from its pricier products amid a shift toward less processed and, more recently, the influence of the &#34;Make America Healthy Again&#34; movement.</p><p>CEO Ethan Brown reiterated that &#34;category headwinds and an accompanying softer top-line continue&#34; to weigh on the company.</p><p>It expects sales between $60 million and $65 million for the fourth quarter, compared with estimates of $70.03 million, according to data compiled by LSEG.</p><p>Beyond Meat posted a net loss of $110.7 million for the third quarter, compared with $26.6 million a year ago, mainly due to impairment charges related to certain assets and the suspension of its China operations earlier this year.</p><p>Brown said the company was pursuing further and sizable cost cuts.</p><p>The company, which had delayed its quarterly results, posted an adjusted loss per share of 47 cents.</p><p>Quarterly revenue was in line with what was pre-announced, down 13.3% at $70.2 million but edged past the $69 million average estimate.</p><p>Shares of Beyond Meat have lost two-thirds of their value this year, as investors also reacted to a debt-for-equity swap in September to help avoid near-term default on its credit.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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