Previous Close | 20.22 |
Open | 19.45 |
Bid | 0.00 x 800 |
Ask | 0.00 x 3200 |
Day's Range | 19.23 - 20.88 |
52 Week Range | 11.03 - 64.59 |
Volume | |
Avg. Volume | 2,583,131 |
Market Cap | 1.238B |
Beta (5Y Monthly) | 2.04 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -0.85 |
Earnings Date | Feb 22, 2023 - Feb 27, 2023 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 17.93 |
Plant-based meat alternatives had a high wall to surmount in getting more than a narrow band of consumers with a vegetarian or vegan lifestyle interested in its product. While also holding a certain appeal to resource conservationists and those concerned with animal welfare, upending the $1 trillion meat industry was always going to be a difficult challenge. Bloomberg recently cited data from market research firm IRI showing the volume of grocery store sales of plant-based meat was down 14% for the 52-week period ending Dec. 4, while restaurant sales were down 9% at the end of November.
A Red Bull marketing VP has joined Beyond as the plant-based meat alternative pioneer looks to turn its business around.
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