Beyond Meat shares fall. CEO: company to focus on aggressive growth
Beyond Meat Inc. shares fell the most in four months despite posting revenue that blew past analysts’ estimates.
Chief Executive Officer Ethan Brown said the company is “only scratching the surface” of the U.S. restaurant market, but investors may be impatient for a bigger deal with a major player like McDonald’s Corp. Beyond Meat is in about 4% of the 650,000 restaurants in the U.S., Brown said, referring to the low number as an opportunity for rapid growth.