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Beyond Meat misses quarterly sales estimates

(Reuters) - Beyond Meat (NASDAQ:BYND) Inc missed estimates for quarterly revenue on Wednesday, as the plant-based protein maker wrestled with increased competition in the United...
Beyond Meat misses quarterly sales estimates © Reuters. FILE PHOTO: A Beyond Meat Sausage is seen on display at a store in Manhasset, New York, U.S., June 3, 2019. REUTERS/Shannon Stapleton

(Reuters) - Beyond Meat (NASDAQ:BYND) Inc missed estimates for quarterly revenue on Wednesday, as the plant-based protein maker wrestled with increased competition in the United States.

The plant-based meat space has become more competitive in recent years as more traditional names including Tyson Foods Inc (NYSE:TSN), Kellogg (NYSE:K) Co as well as newbies have entered the fray and are offering big discounts to attract consumers.

Sales to U.S. restaurants and other food-service joints decreased 7.5% in the first quarter ended April 2.

"The decrease in U.S. foodservice channel net revenues was primarily attributable to the discontinuation of distribution at a certain customer, which was included in the year-ago period," the company said.

Net revenue was $109.5 million in the reported quarter, compared with $108.2 million a year earlier. Analysts polled by Refinitiv had expected $112.3 million.

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24-05-2022 02:39:33 (UTC+7)

EUR/USD

1.0690

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EUR/USD

1.0690

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 EUR/USD1.0690↑ Buy
 GBP/USD1.2580↑ Buy
 USD/JPY127.86↑ Sell
 AUD/USD0.7103Buy
 USD/CAD1.2778↑ Sell
 EUR/JPY136.68↑ Sell
 EUR/CHF1.0328Sell
 Gold1,852.74↑ Sell
 Silver21.770↑ Sell
 Copper4.3360↑ Buy
 Crude Oil WTI110.33↑ Buy
 Brent Oil110.71↑ Buy
 Natural Gas8.834↑ Sell
 US Coffee C215.58↑ Buy
 Euro Stoxx 503,708.39↑ Buy
 S&P 5003,965.30↑ Buy
 DAX14,175.40↑ Buy
 FTSE 1007,513.44↑ Buy
 Hang Seng20,470.06Neutral
 Small Cap 20001,789.00↑ Sell
 IBEX 358,625.80↑ Buy
 BASF49.735↑ Buy
 Bayer64.47↑ Buy
 Allianz199.38↑ Buy
 Adidas175.48↑ Buy
 Lufthansa6.903Neutral
 Siemens AG116.70↑ Buy
 Deutsche Bank AG10.018↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,890/ 6,990
(0/ 0) # 1,765
SJC HCM6,905/ 6,995
(0/ 0) # 1,769
SJC Hanoi6,905/ 6,997
(0/ 0) # 1,771
SJC Danang6,905/ 6,997
(0/ 0) # 1,771
SJC Nhatrang6,905/ 6,997
(0/ 0) # 1,771
SJC Cantho6,905/ 6,997
(0/ 0) # 1,771
Cập nhật 24-05-2022 02:39:35
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ↀ Giá vàng thế giới
$1,854.65+8.830.48%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V31.25031.870
RON 95-III30.65031.260
E5 RON 92-II29.63030.220
DO 0.05S25.55026.060
DO 0,001S-V26.35026.870
Dầu hỏa 2-K24.40024.880
ↂ Giá dầu thô thế giới
WTI$109.71-0.01-0.01%
Brent$110.99-0.45-0.41%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.005,0023.315,00
EUR23.899,8625.238,69
GBP28.277,1029.483,51
JPY176,47186,83
KRW15,8019,25
Cập nhật lúc 18:52:02 23/05/2022
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