Beyond Meat Predicts Lower than Estimated Annual Revenue

Beyond Meat products are displayed on grocery store shelves inside Kroger Co.’s Ralphs supermarket amid fears of the global growth of coronavirus cases, in Los Angeles, California, U.S. March 15, 2020. REUTERS/Patrick T. Fallon/File Photo

Beyond Meat Inc forecast annual revenue below estimates on Thursday, hitting its share price, as it faced stiffer competition amid flat demand for plant-based protein.

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SOURCE: Reuters – Reporting by Praveen Paramasivam in Bengaluru and Hilary Russ in New York; Editing by Maju Samuel and Aurora Ellis