Beyond Meat Beats Q4 Forecasts Despite Flagging Sales

Beyond Meat Beats Q4 Forecasts Despite Flagging Sales
Packages of Beyond Meat's Beyond Burgers and Beyond Sausage in New York on April 29, 2021. Richard Drew/AP Photo
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Beyond Meat on Thursday reported better-than-expected fourth quarter sales despite flagging consumer demand and lower prices.

The plant-based meat maker said its revenue fell 21 percent to $80 million in the October-December period. Still, that beat Wall Street’s expectations. Analysts polled by FactSet were forecasting revenue of $75.8 million.