Previous Close | 36.66 |
Open | 37.26 |
Bid | 36.70 x 1000 |
Ask | 36.90 x 900 |
Day's Range | 35.18 - 37.38 |
52 Week Range | 20.50 - 124.45 |
Volume | |
Avg. Volume | 3,148,203 |
Market Cap | 2.336B |
Beta (5Y Monthly) | 1.80 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -4.03 |
Earnings Date | Nov 08, 2022 - Nov 14, 2022 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 24.07 |
The plant-based meat specialist's sales growth has hit a wall thanks to the combination of inflation, pandemic-related shifts in demand and rising competition. Beyond Meat now sees sales landing between $470 million and $520 million this year, compared to the prior range of $560 million to $620 million.
The plant-based meat producer's revenue declined 2% year over year to $147 million, missing analysts' estimates by $2 million. Beyond Meat isn't down for the count, but major setbacks have made it an easy target for the short sellers.
Maple Leaf Foods Inc. (TSX:MFI) stock has plunged after its earnings, but there is reason for optimism over the long term. The post Why Maple Leaf Foods (TSX:MFI) Stock Plunged 16% Last Week appeared first on The Motley Fool Canada.