Beyond Meat CEO on Earnings, Competition & Costs
Lisa Abramowicz and Paul Sweeney talk to Ethan Brown, President and founder of Beyond Meat Inc. Several analysts cut their price targets following earnings that raised questions about rising competition, slowing growth and higher operational costs. Results were also partially overshadowed by Tuesday’s expiration of a shareholder lockup. Under the arrangement, about 75% of shares outstanding become eligible for sale today.