Good evening - Beyond Meat (NASDAQ: BYND) had a rough quarter, and the hard times aren't over. The company just announced a reduction in its global workforce which can only mean one thing... The growth outlook has been dramatically 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 they also found several issues with product availability and quality. Yum! Brands have yet to launch a vegan taco option or a pizza, and McDonald’s says they are done with the idea. Writer Thomas Hughes breaks down his analysis for our subscribers. Here are some additional stories you might be interested in:
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William Bushee
MarketBeat | 