Beyond Meat Is Not Beyond Hope, And It’s Cheap

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ValueWalk

Beyond Meat (NASDAQ:BYND) had a rough quarter and the hard times are not over. The company just announced a reduction in its global workforce which can only mean one thing. The outlook for growth has been greatly reduced because of a failure to follow through on expectations. The company’s test runs with Yum! Brands (NYSE:YUM) and McDonald’s (NYSE:MCD) were met with not only a tepid consumer response but also issues with product availability and quality. Yum! Brands have yet to launch a vegan taco option or a pizza and McDonald’s says it’s done with the idea. Q2 2022 hedge fund letters, confer…

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