Reported 12 months ago
Recently, McDonald's reported the failure of its McPlant burger test, which utilized plant-based patties from Beyond Meat in select markets. Beyond Meat's struggles in demand were evident as its product sales volumes decreased, particularly in the U.S. market. The company faced challenges with declining sales, low gross margins, and significant debt due in 2027. As a result, investors may want to avoid investing in Beyond Meat due to its current financial difficulties and uncertain future prospects.
Source: YAHOO