Beyond Meat now expects 2022 revenue of $470 million to $520 million, compared with its prior range of $560 million to $620 million
“ calls into question how long Beyond Meat’s liquidity will last to fund their future growth. The pressures on the model are only intensifying,” Oppenheimer analyst Rupesh Parikh said.
Beyond Meat also said it would aim to reduce operating expenses, after its loss of $1.53 per share for the second quarter was much wider than analysts’ expectations of $1.18.
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