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Why Beyond Meat Stock Went Down in Flames on Friday

·2 min read
Why Beyond Meat Stock Went Down in Flames on Friday
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The maker of plant-based meat substitutes released preliminary results for the third quarter, warning that its growth would fall far short of its forecast. Beyond Meat said in a press release that the company was reducing its third-quarter net revenue outlook after reviewing its preliminary results. This marks a sharp deceleration from the company's recent growth rate.