Beyond Meat reported a wider-than-expected loss in its recently completed quarter because of higher spending, sending shares of the meat-alternative maker lower in after-hours trading.
Beyond Meat Chief Executive Ethan Brown said cost-intensive measures the company took to support strategic launches weighed on its bottom line. “We recognize that the decisions we are making today in support of our long-run ambition have contributed to challenging near-term results,” he said.
To Read the Full Story
