Donald Trump, U.S. beef and meat packers
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Beyond Meat ( BYND 3.60%) reported a 13.3% revenue decline in the third quarter, an expected result following the company's release of preliminary results in late October. Gross margin was just 10.3%, and Beyond Meat reported a net loss of $110.7 million on $70.2 million in sales. That net loss more than quadrupled from the prior-year period.
Expect new products from Beyond Meat as it “broadens its aperture” beyond alt meat to build a "global protein company for tomorrow" says CEO.
2hon MSN
Fifth generation farmer says ‘there’s no competition’ as meat packing companies dominate industry
Fifth generation rancher Steve Lucie discusses President Donald Trump ordering the DOJ to investigate meatpacking companies over rising beef prices and details the impact from major meatpackers on his business on ‘Fox & Friends Weekend.
We found the best meat delivery services for high-quality meat with convenient delivery. Our top picks include Snake River Farms and ButcherBox.
Beyond Meat ( BYND +16.81%) has been in the news recently after taking a big plunge after delaying its third-quarter earnings results. The maker of plant-based alternatives to meat has had a rough run of it, dropping 77% over the past 12 months.
A CDC study showed Tennessee was among 13 states with the highest prevalence of suspected cases of Alpha-gal syndrome.
Shares of Beyond Meat are trading lower Tuesday morning after the company reported third-quarter financial results.
Author Andrew Lownie details the incident in his book Entitled: The Rise and Fall of the House of York. The author wrote that during the event, "filmed in front of a plywood castle at Alton Towers theme park," Andrew "tried to push Meat Loaf into a moat after he felt the singer had taken too great an interest in Ferguson."