Wall Street losing its taste for Beyond Meat as shares dive on Q1 results
By segment, retail sales were down 16% due to lower volumes, demand softness in the category and reduced sales of Beyond Meat Jerky. In U.S. Foodservice, revenues were down 16.2% on a 20.7% drop in volume of products sold. In the internation retail channel, sales were down 12% and were down 28.7% in international foodservice.