Beyond Meat lowers estimate for annual revenue forecast
The company expects $17.3-$77.3 million less in income in 2022
25 February 2022
1 minute read
Beyond Meat Inc forecast annual revenue below estimates on Thursday, as the plant-based business pioneer wrestles with labour and supply chain disruptions and faces stiff competition in the United States, reported Reuters.
The company said it expects revenue of $560 million to $620 million for 2022, compared with estimates of $637.3 million, according to Refinitiv IBES data.
Source: Reuters
