1310 ET - BTIG doesn't expect Beyond Meat's retail sales will turn around anytime soon. The plant-based meat substitutes company reported a 15% slide in 1Q revenue, and consumers have become increasingly skeptical towards plant-based protein, analysts Peter Saleh and Ben Parente say. Beyond is also trying to boost sales through a new protein drink called Beyond Immerse, but the analysts aren't convinced: "The market is very crowded, Beyond has no authority or awareness in beverages, and recent product extensions (jerky) haven't worked with consumers," they say. Beyond Meat sinks 15%. (chris.kuo@wsj.com)

(END) Dow Jones Newswires

May 07, 2026 13:10 ET (17:10 GMT)

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