Beyond Meat racks up high COVID-19 operational costs, shares fall 7%
Sales fell nearly 61% at the company's U.S. food service business, which supplies plant-based patties, chicken and sausages to fast-food chains like KFCand Dunkin Brands .Revenue from international restaurants more than halved to $7.2 million.Beyond Meat repurposed a "meaningful" amount of inventory that was previously intended for fast-food chains.
Read more »