Beyond Meat down after withdrawing annual sales forecast
ReutersMay 7, 2025 8:46 PM
Beyond Meat's BYND.O shares fall 5.1% to $2.41 in extended trading
BYND withdraws annual sales target, forecasts Q2 net revenue below estimates
"As the first quarter of 2025 progressed to a close, we saw a slowdown in consumption as the uncertain macroeconomic environment likely exacerbated category challenges" — CEO Ethan Brown
BYND sees net revenues in the range of $80 million to $85 million for Q2 vs analysts' estimate of $93.5 million, according to data compiled by LSEG
BYND has fallen 32.4% YTD
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