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Beyond Meat’s stock drops 11% as alt-protein titan records unsavory revenue outlook
date:Feb 28, 2022
US$80.37 million equates US$1.27 per share, which is larger than its loss of US$25.08 million, or US$0.40 per share, a year earlier.

The companys executive leadership commented that these higher costs resulted from the business decision to leverage more expensive co-manufacturing facilities instead of its own manufacturing plants for production.

While this ultimately led to higher costs, this pivot also meant the company had to fork out over higher transportation and logistics fees.

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03/07 00:12