Beyond Meat Implodes After Reporting Catastrophic Q3 Sales
BY TYLER DURDEN FRIDAY, OCT 22, 2021 - 08:50 AM Confirming yesterday's observation that the market is quick and merciless to punish any and all stocks that miss expectations this quarter, moments ago (former growth stock) Beyond Meat plunged 14% after reporting preliminary net revenue for third quarter of about $106 million, missing the estimate of $134.3 million by about 30%, and a huge disappointment to the company's prior guidance which was $120 million to $140 million.
The grand plan of placing it in the REAL meat dept. in a attempt to gain trials because it couldn't stand on it's own merits in it's own dept., didn't work? Shocking development. I guess Creepy Gates plan to buy up all of the land in the entire midwest so he could control the food supply of meatless burgers, may have hit a snag.
I’m just glad the adults are in charge and focused on the important things. I didn’t realize that the film Idiocracy was a documentary of this administration.
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Good news for a change!