|Bid||36.55 x 900|
|Ask||36.58 x 900|
|Day's Range||35.18 - 37.38|
|52 Week Range||20.50 - 125.00|
|Beta (5Y Monthly)||1.80|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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.