BUZZ-Beyond Meat down after withdrawing annual sales forecast

Reuters
05-08
BUZZ-Beyond Meat down after withdrawing annual sales forecast

** Beyond Meat's BYND.O shares fall 5.1% to $2.41 in extended trading

** BYND withdraws annual sales target, forecasts Q2 net revenue below estimates

** "As the first quarter of 2025 progressed to a close, we saw a slowdown in consumption as the uncertain macroeconomic environment likely exacerbated category challenges" — CEO Ethan Brown

** BYND sees net revenues in the range of $80 million to $85 million for Q2 vs analysts' estimate of $93.5 million, according to data compiled by LSEG

** BYND has fallen 32.4% YTD

(Reporting by Juby Babu in Mexico City)

((Juby.Babu@thomsonreuters.com))

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