Consequently any person acting on it does so entirely at their own risk. No representation or warranty is given as to the accuracy or completeness of this information. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. This information has been prepared by IG, a trading name of IG Markets Limited. They want to know if Beyond Meat can overcome these challenges and make investors feel confident again. Investors and experts will be watching the company closely to see what happens next. The fact that people are choosing cheaper animal meat instead of plant-based meat is also concerning. They're not sure if the company can keep making money and become successful. The drop in Beyond Meat's shares shows that investors are worried about the company's future. They used to think they would make between £375 million and £415 million, but now they think it will be between £360 million and £380 million. They also lowered their prediction for how much money they will make in 2023. Beyond Meat's sales went down by 31% compared to the same time last year, and they made £102.1 million, which is less than what people thought they would make. People might think that animal meat tastes better or they might be trying to save money.įor example, instead of buying a plant-based burger for £8, they might choose to get a regular burger for £5. One reason for the drop in sales is that people are choosing to buy cheaper meat from animals instead of Beyond Meat's more expensive plant-based meat. This news disappointed the stock market, and the company's shares went down. They also said that they don't expect to make a profit by the end of 2023. Recently, their shares dropped by 15% because they didn't make as much money as people expected. NASDAQ does not use this value to determine compliance with the listing requirements.Beyond Meat is a company that makes meat products from plants. "Market Cap" is derived from the last sale price for the displayed class of listed securities and the total number of shares outstanding for both listed and unlisted securities (as applicable). It does not include securities convertible into the common equity securities. Market Cap (Capitalization) is a measure of the estimated value of the common equity securities of the company or their equivalent. Register for your free account today at. Data Link's cloud-based technology platform allows you to search, discover and access data and analytics for seamless integration via cloud APIs.
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