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Beyond Meat revenue falls as rising demand in Europe can't overcome plummeting US sales
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FILE - Packages of Beyond Meat's Beyond Burgers and Beyond Sausage, are shown in this photo, in New York, on April 29, 2021. Beyond Meat reports earnings on Wednesday, Nov. 8, 2023. - photo by AP Photo/Richard Drew, File
Beyond Meat’s revenue fell nearly 9% in the third quarter as higher sales of its plant-based meat in Europe failed to make up for plummeting demand in the U.S. Beyond Meat on Wednesday reported revenue of $75.3 million for the July-September period. That was far short of the $86.5 million Wall Street had anticipated, according to analysts polled by FactSet.