Vegaburgermaker about Beyond Meat last year, sales increased to 279,9 million-dollar (255,3 million), as reported in the American group, at the presentation of the annual report. This is a large rise compared to the end of 2018, as sales of 87 million dollars have been made.
Nevertheless, investors can't talk about the numbers. Below the line continued to be, namely, a loss of 452.000 dollars. The group had to deal with higher-than-expected investments and expenses. The stock rose after trading hours to 10 per cent lower.
Chairman of the board, Seth Goldman was well-known with the day to day running of the business, but as a member of the board of directors to continue to be.
Beyond Meat, it has since its creation never had profits. Last year, the loss amounted to $ 7.5 million a year earlier, it was a loss of € 12.4 million.
On the other hand, is the company's very successful with the launch of the product in the U.s. market. In the meantime, like meat, Beyond Meat, only about 4 percent of its U.s. restaurants.
Date Of Update: 28 February 2020, 09:00
